5 unchanged sentences
We currently have subsidiaries in the United Kingdom, Hong Kong, China, Australia, Singapore, Germany and France.
−Removed: Approximately 30% and 31% of our revenues for the three and six months ended June 30, 2025, respectively, were derived from customers with billing addresses outside of the United States and our foreign exchange losses were not significant.
−Removed: We currently believe our exposure to foreign currency exchange rate fluctuations is financially immaterial and therefore have not entered into foreign currency hedging transactions.
+Added: Approximately 26% and 27% of our revenues for the three and nine months ended September 30, 2025, respectively, were derived from customers with billing addresses outside of the United States and our foreign exchange losses were not significant.
+Added: Additionally, we are exposed to foreign exchange risk related to operational expenses incurred, primarily labor costs, most predominantly between the British pound and the United States dollar.
+Added: Changes in the exchange rate between the British pound and the US dollar can impact our financial results when these foreign currency transactions are converted to US dollars.
We continue to review this issue and may consider hedging certain foreign exchange risks through the use of currency futures or options in the future.
1 unchanged sentence
Our continued international expansion increases our exposure to exchange rate fluctuations and as a result such fluctuations could have a significant impact on our future results of operations.
−Removed: We also maintain receivables and cash accounts denominated in currencies other than the local currency, which exposes us to foreign exchange rate movements.
+Added: We also maintain receivables and cash accounts denominated
In addition, our foreign subsidiaries have certain amounts of Goodwill and Intangibles which expose us to foreign currency exchange rate fluctuations.
1 unchanged sentence
Interest rate risk
−Removed: At June 30, 2025, we had cash and cash equivalents totaling $61.7 million.
+Added: At September 30, 2025, we had cash and cash equivalents totaling $46.3 million.
The cash and cash equivalents were held for working capital purposes.
8 unchanged sentences
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.