4 unchanged sentences
The currencies are subject to exchange rate fluctuations that are beyond the control of UTMD.
−Removed: The exchange rates were .9198, .9351 and .9013 EUR per USD as of March 31, 2023, December 31, 2022 and March 31, 2021, respectively.
−Removed: Exchange rates were .8085, .8280, and .7603 GBP per USD as of March 31, 2023, December 31, 2022 and March 31, 2022, respectively.
−Removed: 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.
−Removed: 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.
−Removed: 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.
+Added: The exchange rates were .9159, .9351 and .9555 EUR per USD as of June 30, 2023, December 31, 2022 and June 30, 2022, respectively.
+Added: Exchange rates were .7869, .8280 and .8224 GBP per USD as of June 30, 2023, December 31, 2022 and June 30, 2022, respectively.
+Added: Exchange rates were 1.5012, 1.4695 and 1.4484 AUD per USD on June 30, 2023, December 31, 2022 and June 30, 2022, respectively.
+Added: Exchange rates were 1.3237, 1.3532, and 1.2872 CAD per USD on June 30, 2023, December 31, 2022 and June 30, 2022, respectively.
+Added: 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/or 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.