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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000891092-04-002491.txt : 20040513
<SEC-HEADER>0000891092-04-002491.hdr.sgml : 20040513
<ACCEPTANCE-DATETIME>20040513152031
ACCESSION NUMBER:		0000891092-04-002491
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040513
ITEM INFORMATION:		
FILED AS OF DATE:		20040513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPHERIX INC
		CENTRAL INDEX KEY:			0000012239
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700]
		IRS NUMBER:				520849320
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05576
		FILM NUMBER:		04802702

	BUSINESS ADDRESS:	
		STREET 1:		12051 INDIAN CREEK CT
		CITY:			BELTSVILLE
		STATE:			MD
		ZIP:			20705
		BUSINESS PHONE:		3014193900

	MAIL ADDRESS:	
		STREET 1:		12051 INDIAN CREEK COURT
		CITY:			BELTSVILLE
		STATE:			MD
		ZIP:			20705

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BIOSPHERICS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BIOSPHERICS RESEARCH INC
		DATE OF NAME CHANGE:	19720404
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e17911_8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>

================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

                          Date of Report: May 13, 2004
                        ---------------------------------
                        (Date of earliest event reported)

                             SPHERIX(R) INCORPORATED
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Delaware                       0-5576                 52-0849320
- --------------------------------------------------------------------------------
(State or other jurisdiction         (Commission file         (I.R.S. Employer
       of incorporation)                  number)            Identification No.)

12051 Indian Creek Court, Beltsville, Maryland                     20705
- --------------------------------------------------------------------------------
  (Address of Principal Executive Offices)                       (Zip Code)

       Registrant's Telephone Number, including area code: (301) 419-3900

                                 Not Applicable
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Item 12: RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On May 13, 2004, the Registrant  issued a press release  regarding its financial
results for the first  quarter ended March 31, 2004. A copy of the press release
is attached hereto as Exhibit 99.1.

The  information  provided in this Current  Report on Form 8-K is being provided
pursuant to Item 12 of Form 8-K. In accordance  with General  Instruction B.6 of
Form 8-K,  the  information  in this  report  shall not be  deemed  "filed"  for
purposes of Section 18 of the  Securities  Exchange Act of 1934, nor shall it be
deemed  incorporated by reference in any filing under the Securities Act of 1933
or the Securities  Exchange Act of 1934,  except as shall be expressly set forth
by specific reference in such a filing.

<PAGE>

                                   Signatures

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

      Spherix Incorporated

      By: /s/ Thomas W. Gantt
          -----------------------
          Thomas W. Gantt
          Chief Executive Officer

      Date: May 13, 2004

                                  EXHIBIT INDEX

Exhibit Number    Description
- --------------    -----------

99.1              Press Release dated May 13, 2004


                                       2


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>e17911ex99_1.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>

                                                                    Exhibit 99.1

                     Spherix Reports First Quarter Results


    BELTSVILLE, Md., May 13 /PRNewswire-FirstCall/ -- Spherix Incorporated
(Nasdaq: SPEX), today reported a net loss of $547,000, $0.05 per share, on
sales of $5.1 million for the three months ended March 31, 2004, compared to a
net loss of $686,000, $0.06 per share, on sales of $4.4 million for the same
period in 2003.  An increase in revenue of $632,000, or 14%, between years was
largely driven by two new government contracts that the Company won late in
2003 and by an increase in the ReserveWorld reservation business.

    In March of this year, the Company also purchased six state and county
government reservation contracts and won a multi-million dollar Federal
Retirement Thrift Investment Board ("FRTIB") contract.  The FRTIB contract
consists of one base year and four option years, and is scheduled to begin in
July of this year.

    The Company has increased its InfoSpherix marketing efforts, with a strong
focus on government contact center and reservation business.  This increase in
marketing costs, as well as the increase in the overhead base related to the
relocation of the Cumberland operations to a larger facility, was offset by
the decrease in legal expenses following the November 2003 arbitration
settlement with Arla Foods amba of Denmark, for which the Company incurred
approximately $315,000 in such expenses during the first quarter of 2003.

    The Company also announced that it has leased a new facility for June 2004
occupancy for its BioSpherix Division in accordance with plans to grow that
unit as a stand-alone entity.

    The President and CEO of Spherix, Thomas W. Gantt, stated, "Our first
quarter results show a clear picture of movement toward profitability.  The
new multi-million dollar, multi-year contracts we have recently won and
acquired continue to increase our core business."


                            Three Months Ended March 31,
                                 2004            2003
    Revenue                 $ 5,052,634     $ 4,420,782
    Operating expense         5,591,676       5,119,088
    Loss from operations    $ (539,042)     $ (698,306)
    Net loss                $ (547,401)     $ (686,388)
    Net loss per share      $    (0.05)     $    (0.06)


    Certain statements contained herein are "forward looking" statements as
defined in the Private Securities Litigation Reform Act of 1995.  Because such
statements include risks and uncertainties, actual results may differ
materially from those expressed or implied.  Factors that could cause actual
results to differ materially from those expressed or implied include, but are
not limited to, those discussed in filings by the Company with the Securities
and Exchange Commission, including the filing on Form 8-K made on March 3,
1999.

    Under its motto, "A World of Solutions," Spherix's mission is to create
value and increase shareholder wealth through innovations that benefit our
clients and the human condition.  Spherix offers innovations in information
technology, knowledge management, and biotechnology.

    Spherix's Internet address is http://www.spherix.com.



SOURCE  Spherix Incorporated
    -0-                             05/13/2004
    /CONTACT:  Richard Levin of Spherix Incorporated, +1-301-419-3900, or
rlevin@spherix.com/
    /Web site:  http://www.spherix.com/
    (SPEX)

CO:  Spherix Incorporated
ST:  Maryland
IN:  BIO MTC HEA
SU:  ERN


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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