3 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to market risk from changes in interest rates on our Term Loan and our 2022 Revolving Facility, both of which accrue interest at a variable rate.
+Added: We are exposed to market risk from changes in interest rates on our Term Loan and 2022 Revolving Facility, both of which accrue interest at a variable rate.
The interest rate on our Term Loan is the adjusted Secured Overnight Financing Rate ("SOFR") plus 4.75%.
2 unchanged sentences
As of December 31, 2024, a hypothetical one percentage point increase or decrease in the variable interest rate of our Term Loan and our 2022 Revolving Facility would result in a corresponding increase or decrease in interest expense of approximately $2.8 million annually.
+Added: The interest rate on the 2022 Revolving Facility is the adjusted SOFR plus 2.5% with an adjusted SOFR floor of 0%.
+Added: As of December 31, 2024, we had $50.0 million available on the 2022 Revolving Facility.
Foreign Currency Exchange Rate Risk
The majority of our revenue is denominated in U.S.
−Removed: however, we do earn revenue, pay expenses, own assets and incur liabilities in countries using currencies other than the U.S.
−Removed: dollar, primarily the Euro and Canadian dollar.
+Added: however, we do own assets, incur liabilities, earn revenue and pay expenses, in countries using currencies other than the U.S.
+Added: dollar, primarily the Canadian dollar and Euro.
Because our consolidated financial statements are presented in U.S.
−Removed: dollars, we must translate revenue, income and expenses, as well as assets and liabilities, into U.S.
+Added: dollars, we must translate assets and liabilities as well as revenue, income and expenses, into U.S.
dollars at exchange rates in effect during or at the end of each reporting period.
Therefore, increases or decreases in the value of the U.S.
−Removed: dollar against other currencies will affect our statements of operations and the value of balance sheet items denominated in foreign currencies.
+Added: dollar against other currencies will affect our balance sheet, statements of operations and statement of cash flows.
+Added: The resulting currency translation adjustments are recorded as a component of accumulated other comprehensive loss within stockholders' equity.
We generally do not mitigate the risks associated with fluctuating exchange rates because we typically incur expenses and generate revenue in these currencies and the cumulative impact of these foreign exchange fluctuations are not deemed material to our financial performance.
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.