Quantitative and Qualitative Disclosures about Market Risks
−Removed: Interest Rate Fluctuation Risk
+Added: Inte rest Rate Fluctuation R is k
Some of the securities in which we invest have market risk in that a change in prevailing interest rates may cause the principal amount of the marketable securities to fluctuate.
Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of cash and cash equivalents.
−Removed: As of December 31, 2020, we had $103.9 million in cash and cash equivalents.
+Added: As of December 31, 2021, we had $89.8 million in cash, cash equivalents and marketable securities.
We invest our cash primarily in money market accounts, but from time to time may invest in commercial paper and debt instruments of financial institutions, corporations, U.S.
12 unchanged sentences
We cannot predict any future trends in the rate of inflation in Israel or the rate of devaluation, if any, of the NIS against the dollar.
−Removed: For example, although the dollar appreciated against the NIS in 2018 by 8.1%, the dollar depreciated against the NIS during 2019 and 2020 by a total of 14.2%.
+Added: For example, the dollar depreciated against the NIS during 2021 by a total of 3.2%.
If the dollar cost of our operations in Israel increases, our dollar-measured results of operations will be adversely affected.
4 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.