Wright Investors' Service Holdings, Inc. reported its financial results for the second quarter of 2025, revealing a net loss of $244,000, compared to a loss of $233,000 in the same period of the previous year. For the first half of 2025, the company recorded a net loss of $500,000, an increase from the $452,000 loss reported for the first half of 2024. The company's total operating expenses for the second quarter were $258,000, slightly down from $269,000 in the prior year, while total operating expenses for the first half of 2025 were $545,000, compared to $554,000 in the first half of 2024.
The company's financial position showed a decline in total assets, which decreased to $1.902 million as of June 30, 2025, from $2.446 million at the end of 2024. Cash and cash equivalents also fell significantly, from $1.440 million to $394,000. Investments in mutual funds increased to $1.464 million from $914,000, indicating a strategic shift towards more liquid assets. The accumulated deficit grew to $31.030 million, up from $30.530 million at the end of 2024.
Wright Investors' Service remains classified as a shell company, with nominal operations and no revenues. The company is actively exploring strategic options, including potential acquisitions of investment advisory or financial services businesses. The Board of Directors is also considering ways to distribute some of the company's cash and investments to stockholders. The company has not repurchased any common stock during the first half of 2025, maintaining a treasury stock position of 1,007,969 shares.
Operationally, the company reported no significant changes in employee headcount, with compensation and benefits remaining stable at $113,000 for the second quarter of 2025, compared to $115,000 in the same quarter of 2024. The company’s interest and other income decreased to $14,000 in the second quarter of 2025 from $36,000 in the prior year, primarily due to lower yields on investments. The company’s liquidity position is deemed sufficient to support operations through September 30, 2026, despite the decrease in cash and cash equivalents.
Looking ahead, Wright Investors' Service plans to continue investing its liquid assets in high-grade, short-term investments while evaluating opportunities for growth through acquisitions or partnerships. The company remains focused on maximizing stockholder value and is considering various strategic options to enhance its operational capabilities.
About Wright Investors Service Holdings, Inc.
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