1 unchanged sentence
Foreign currency risk
−Removed: As of March 31, 2022, we had U.S.
+Added: As of June 30, 2022, we had U.S.
dollar denominated cash and cash equivalents and marketable securities of $ 754.8 million and Canadian dollar denominated cash and cash equivalents of CAD$ 43.0 million.
7 unchanged sentences
Interest rate sensitivity
−Removed: As of March 31, 2022, we had cash and cash equivalents and marketable securities of $537.9 million.
+Added: As of June 30, 2022, we had cash and cash equivalents and marketable securities of $ 788.2 million.
Our interest rate sensitivity is primarily attributable to our cash and cash equivalents and marketable securities.
−Removed: A 100 basis point, or 1%, unfavorable change in interest rates would have resulted in approximately a $3.1 million decrease in the fair value of our marketable securities as of March 31, 2022.
+Added: A 100 basis point, or 1%, unfavorable change in interest rates would have resulted in approximately a $ 2.8 million decrease in the fair value of our marketable securities as of June 30, 2022.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage interest rate exposure.
1 unchanged sentence
Inflation may generally affect us by increasing our cost of labor and research and development expenses.
−Removed: While we have experienced increased operating expenses in recent periods, which we believe are due in part to the recent growth in inflation, we do not believe that inflation has had a material effect on our business, financial condition or results of operations during the three months ended March 31, 2022 and 2021.
+Added: While we have experienced increased operating expenses in recent periods, which we believe are due in part to the recent growth in inflation, we do not believe that inflation has had a material effect on our business, financial condition or results of operations during the six months ended June 30, 2022 and 2021;
+Added: however, operating expenses may continue to increase in future periods due to inflation.
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.