2 unchanged sentences
denominated in the U.S.
−Removed: Dollar (USD), in Ireland denominated in the Euro (EUR), in England denominated in the British Pound (GBP), in Australia denominated in the Australia Dollar (AUD), and, starting in 2017, in Canada denominated in the Canadian Dollar (CAD).
+Added: Dollar (USD), in Ireland denominated in the Euro (EUR), in England denominated in the British Pound (GBP), in Australia denominated in the Australia Dollar (AUD), and in Canada denominated in the Canadian Dollar (CAD).
The currencies are subject to exchange rate fluctuations that are beyond the control of UTMD.
−Removed: The exchange rates were 1.0217, .8790 and .8638 EUR per USD as of September 30, 2022, December 31, 2021 and September 30, 2021, respectively.
−Removed: Exchange rates were .8984, .7388 and .7425 GBP per USD as of September 30, 2022, December 31, 2021 and September 30, 2021, respectively.
−Removed: Exchange rates were 1.5536, 1.3759 and 1.3834 AUD per USD on September 30, 2022, December 31, 2021, and September 30, 2021, respectively.
−Removed: Exchange rates were 1.3751, 1.2656, and 1.2673 CAD per USD on September 30, 2022, December 31, 2021, and September 30, 2021, respectively.
+Added: The exchange rates were .9198, .9351 and .9013 EUR per USD as of March 31, 2023, December 31, 2022 and March 31, 2021, respectively.
+Added: Exchange rates were .8085, .8280, and .7603 GBP per USD as of March 31, 2023, December 31, 2022 and March 31, 2022, respectively.
+Added: Exchange rates were 1.4695, 1.4919 and 1.3338 AUD per USD on March 31, 2023, December 31, 2022 and March 31, 2022, respectively.
+Added: Exchange rates were 1.3532, 1.3526, and 1.2571 CAD per USD on March 31, 2023, December 31, 2022, and March 31, 2022 respectively.
UTMD manages its foreign currency risk without separate hedging transactions by either 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.