Company: IWSH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001214659-25-007745
Chunk: 25

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 25
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 use, the Company’s funds have
been, and we anticipate will continue to be, invested in high-grade, short-term investments (such as cash and cash equivalents, U.S. Treasury
Bills and mutual funds) consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation, until such
time as we need to utilize such funds, or any portion thereof, for the purposes described above. The directors will also consider
alternatives for distributing some or all of its cash and cash equivalents and Investments in U.S. Treasury Bills and mutual funds
to stockholders. 

Results of operations

Three months ended March 31, 2025 compared to the three months
ended March 31, 2024

For the three months ended March 31, 2025, the
Company had a loss from operations before income taxes of $256,000 compared to a loss from operations before income taxes of $219,000
for the three months ended March 31, 2024.

The increased loss
before income taxes of $37,000 was primarily a result of a decrease in Interest and other income of $35,000.

Compensation and benefits

For the three months ended March 31, 2025, Compensation
and benefits were $115,000 as compared to $113,000 for the three months ended March 31, 2024.

 10 

Other operating expenses

For the three months ended March 31, 2025 and
2024, Other operating expenses were $172,000.

Interest and other income, net

For the three months ended March 31, 2025, Interest
and other income, net was $31,000 as compared to $66,000 for the three months ended March 31, 2024. The decreased interest and other income,
net of $35,000 was primarily the result of the lower yields related to the investments in U.S. Treasury securities and mutual funds and
lower balances of such investments during the three months ended March 31, 2025.

Income taxes

For the three months
ended March 31, 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 March 31, 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.