Company: IWSH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001214659-25-016507
Chunk: 34

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 34
---
 2024

For the three months ended September 30, 2025,
the Company had a loss from operations of $254,000 compared to a loss from operations of $231,000 for the three months ended September
30, 2024.

The increased loss from operations of $23,000
was primarily a result of a decrease in Interest and other income, net of $6,000, increase of Other operating expenses of $7,000, and
an increase in Compensation and benefits of $10,000 during the three months ended September 30, 2025 as compared to September 30, 2024.

Compensation and benefits

For the three months ended September 30, 2025, Compensation and benefits
were $117,000 as compared to $107,000 for the three months ended September 30, 2024. The increased Compensation and benefits of $10,000
was the result of an increase in payroll benefits.

 10 

Other operating expenses

For the three months ended September 30, 2025,
Other operating expenses were $151,000 as compared to $144,000 for the three months ended September 30, 2024. The increased operating
expenses of $7,000 were primarily the result of increased professional fees of $18,000 and increased other expenses of $2,000, offset
by decreased travel and entertainment expenses of $13,000.

Interest and other income, net

For the three months ended September 30, 2025, Interest and other income,
net was $14,000 as compared to $20,000 for the three months ended September 30, 2024. The decreased interest and other income, net of
$6,000 was primarily the result of the lower yields related to the investments in mutual funds and no investments in U.S. Treasury securities
during the three months ended September 30, 2025.

Income taxes

For the three months
ended September 30, 2025 and 2024, the Company recorded no income tax expense from operations. No tax benefit has been recorded in relation
to the pre-tax loss for the three months ended September 30, 2025 and 2024, due to a full valuation allowance to offset any deferred tax
asset related to net operating loss carry forwards attributable to the losses. 

Nine months ended September 30, 2025 compared to the nine months
ended September 30, 2024