4 unchanged sentences
The currencies are subject to exchange rate fluctuations that are beyond the control of UTMD.
−Removed: The exchange rates were .8523, .9661 and .8974 EUR per USD as of September 30, 2025, December 31, 2024 and September 30, 2024, respectively.
−Removed: Exchange rates were .7439, .7987 and .7465 GBP per USD as of September 30, 2025, December 31, 2024 and September 30, 2024, respectively.
−Removed: Exchange rates were 1.5122, 1.6172 and 1.4428 AUD per USD on September 30, 2025, December 31, 2024, and September 30, 2024, respectively.
−Removed: Exchange rates were 1.3516, 1.3930, and 1.4403 CAD per USD on September 30, 2025, December 31, 2024, and September 30, 2024, respectively.
+Added: The exchange rates were .8684, .8522 and .9264 EUR per USD as of March 31, 2026, December 31, 2025 and March 31, 2025, respectively.
+Added: Exchange rates were .7585, .7438, and .7756 GBP per USD as of March 31, 2026, December 31, 2025 and March 31, 2025, respectively.
+Added: Exchange rates were 1.4590, 1.4997 and 1.6038 AUD per USD on March 31, 2026, December 31, 2025 and March 31, 2025, respectively.
+Added: Exchange rates were 1.3955, 1.3715, and 1.4379 CAD per USD on March 31, 2026, December 31, 2025, and March 31, 2025 respectively.
UTMD manages its foreign currency risk without separate hedging transactions by invoicing customers in the local currency where costs of production were incurred, by converting currencies as transactions occur and by optimizing global account structures through liquidity management accounts.
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.