3 unchanged sentences
We are exposed to market risk related to changes in interest rates.
−Removed: However, based on the nature and current level of our cash, cash equivalents, and investments, we believe there is no material risk of exposure.
+Added: However, based on the nature and current level of our cash, cash equivalents, and investments, we believe there is no material risk exposure.
We do not enter into investments for trading or speculative purposes.
−Removed: We did not have any variable interest rate outstanding debt as of June 30, 2022 .
+Added: We did not have any variable interest rate outstanding debt as of September 30, 2022 .
Therefore, we do not have any material risk to interest rate fluctuations.
SPS COMMERCE, INC.
−Removed: Form 10-Q for the Quarterly Period ended June 30, 2022
+Added: Form 10-Q for the Quarterly Period ended September 30, 2022
Foreign Currency Exchange Risk
1 unchanged sentence
dollar, primarily the Australian and Canadian dollars.
−Removed: Our condensed consolidated balance sheet, results of operations, and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates .
+Added: Our consolidated balance sheet, results of operations, and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates.
Our sales are primarily denominated in U.S.
Our expenses are generally denominated in the local currencies in which our operations are located.
−Removed: As of June 30, 2022 , we maintained approximately 5% of our total cash and cash equivalents and investments in foreign currencies.
+Added: As of September 30, 2022 , we maintained 8% of our total cash and cash equivalents and investments in foreign currencies.
We believe that a hypothetical 10% change in foreign currency exchange rates or an inability to access foreign funds would not materially affect our ability to meet our operational needs, result in a material foreign currency loss or have a material impact on our consolidated financials.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.