Wright Investors Service Holdings, Inc.

Previous wording

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.

Current wording

For the three months ended March 31, 2026, the Company had a loss from operations of $261,000 compared to a loss from operations of $256,000 for the three months ended March 31, 2025.

Previous wording

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.

Current wording

The increased loss from operations of $5,000 was primarily a result of a decrease in Interest and other income, net of $21,000, an increase in Compensation and benefits of $7,000, offset by a decrease in Other operating expenses of $23,000 during the three months ended March 31, 2026 as compared to March 31, 2025.

Previous wording

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.

Current wording

For the three months ended March 31, 2026, Compensation and benefits were $122,000 as compared to $115,000 for the three months ended March 31, 2025. The increased Compensation and benefits of $7,000 was the result of increased payroll benefits.

Previous wording

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.

Current wording

For the three months ended March 31, 2026, Other operating expenses were $149,000 as compared to $172,000 for the three months ended March 31, 2025. The decreased operating expenses of $23,000 were primarily the result of decreased professional fees of $14,000, decreased travel and entertainment of $13,000, decreased other expenses of $7,000, offset by increased fees related to the repair and maintenance of Company owned dam properties of $11,000. The dam properties were fully impaired as of December 31, 2018.

Previous wording

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.

Current wording

For the three months ended March 31, 2026, Interest and other income, net was $10,000 as compared to $31,000 for the three months ended March 31, 2025. The decreased interest and other income, net of $21,000 was primarily the result of the lower yields related to the investments in mutual funds and lower balances on such investments during the three months ended March 31, 2026.

Previous wording

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.

Current wording

The Company recorded a full valuation allowance against its net deferred tax assets as of March 31, 2026 and 2025. Due to a full valuation allowance on the deferred tax assets related to net operating loss carryforwards, no tax benefit has been recorded in relation to the pre-tax loss for the years ended March 31, 2026 and 2025.

Previous wording

At September 30, 2025, the Company had cash and cash equivalents totaling $137,000 and investments in mutual funds totaling $1,478,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company’s general and administrative expenses. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents and investments to stockholders. The Company believes that its working capital is sufficient to support its operating requirements through November 30, 2026.

Current wording

At March 31, 2026, the Company had cash and cash equivalents totaling $13,000 and investments in mutual funds totaling $1,076,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company’s general and administrative expenses. The directors will also consider alternatives for distributing some or all of its cash and cash equivalents and investments to stockholders. The Company acknowledges that its working capital may not be sufficient to support its operating requirements through May 31, 2027.

Previous wording

The decrease in cash and cash equivalents of $1,303,000 for the nine months ended September 30, 2025 was primarily the result of $739,000 used in operating activities, $588,000 used in the purchase of mutual funds, offset by the sale and the redemption of investments of $24,000.

Current wording

The decrease in cash and cash equivalents of $20,000 for the three months ended March 31, 2026 was primarily the result of $211,000 used in operating activities, $10,000 used in the purchase of mutual funds, offset by the sale and the redemption of investments of $201,000.