Company: IWSH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001214659-25-016507
Chunk: 35

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 35
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For the nine months ended September 30, 2025,
the Company had a loss from operations of $754,000 compared to a loss from operations before income taxes of $683,000 for the nine months
ended September 30, 2024. 

The increased loss from operations of $71,000
was primarily a result of a decrease in Interest and other income, net of $63,000, decrease of Other operating expenses of $2,000, and
an increase in Compensation and benefits of $10,000 during the nine months ended September 30, 2025 as compared to September 30, 2024.

Compensation and benefits

For the nine months ended September 30, 2025, Compensation and benefits
were $345,000 compared to $335,000 for the nine months ended September 30, 2024. The increased Compensation and benefits of $10,000 was
the result of increased payroll benefits.

Other operating expenses

For the nine months ended September 30, 2025,
Other operating expenses were $468,000 as compared to $470,000 for the nine months ended September 30, 2024. The decreased operating expenses
of $2,000 were primarily the result of decreased travel and entertainment expenses of $24,000, offset by increased professional fees of
$16,000, and increased other expenses of $6,000.

Interest and other income, net

For the nine months ended September 30, 2025, Interest and other income,
net was $59,000 as compared to $122,000 for the nine months ended September 30, 2024. The decreased interest and other income, net of
$63,000 was primarily the result of the lower yields related to the investments in U.S. Treasury securities and mutual funds and lower
balances on investments in U.S. Treasury securities during the nine months ended September 30, 2025.

Income taxes

For the nine 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 nine 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. 

 11 

Financial condition

Liquidity and Capital Resources

At September 30,