3 unchanged sentences
Interest Rate Risk
−Removed: We had cash, cash equivalents and restricted cash and cash equivalents of $178.7 million as of March 31, 2020, which consisted of money market funds.
−Removed: We also had short and long-term investments of $193.3 million as of March 31, 2020.
+Added: We had cash, cash equivalents and restricted cash and cash equivalents of $384.0 million as of June 30, 2020, which consisted of money market funds.
+Added: We also had short-term investments of $180.6 million as of June 30, 2020.
The primary objective of our investment activities is to preserve capital to fund our operations.
2 unchanged sentences
government treasury bonds mature prior to our expected need for liquidity, we believe that our exposure to interest rate risk is not significant, and a 1% movement in market interest rates would not have a significant impact on the total value of our portfolio.
−Removed: We had no debt outstanding as of March 31, 2020.
+Added: We had no debt outstanding as of June 30, 2020.
Foreign Currency
5 unchanged sentences
As of the date of this Quarterly Report on Form 10-Q, we are exposed to foreign currency risk related to the operations of our Swiss and Australian subsidiaries and consequently the Swiss Franc and Australian dollar.
−Removed: Transaction gains and losses are included in other income (expenses), net on the condensed consolidated statements of operations and were not material for the three months ended March 31, 2020 and 2019.
+Added: Transaction gains and losses are included in other income (expenses), net on the condensed consolidated statements of operations and were not material for the three and six months ended June 30, 2020 and 2019.
Effects of Inflation
2 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.