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<SEC-DOCUMENT>0001275287-05-001914.txt : 20050513
<SEC-HEADER>0001275287-05-001914.hdr.sgml : 20050513
<ACCEPTANCE-DATETIME>20050513103657
ACCESSION NUMBER:		0001275287-05-001914
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050513
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050513
DATE AS OF CHANGE:		20050513

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:		05826779

	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>si2734.txt
<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 (Date of earliest event reported)  May 13, 2005

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

             Delaware                    0-5576               52-0849320
   ----------------------------        ------------        -------------------
   (State or other jurisdiction        (Commission          (I.R.S. Employer
        of incorporation)              File 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.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities
    Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
    Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

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

<PAGE>

SECTION 2 - FINANCIAL INFORMATION.

Item 2.02.    Results of Operations and Financial Condition.

         On May 13, 2005, the Registrant issued a press release regarding its
financial results for the quarter ended March 31, 2005. 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 2.02 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.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS.

Item 9.01.    Financial Statements and Exhibits.

Exhibit 99.1 - Press Release dated May 13, 2005.

<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
                                                --------------------------------
                                                (Registrant)


                                                By:   /s/ Richard C. Levin
                                                      --------------------------
                                                      Richard C. Levin
                                                      CEO and President

                                                      Date:  May 13, 2005
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>si2734ex991.txt
<TEXT>
                                                                    Exhibit 99.1

                       SPHERIX REPORTS FIRST QUARTER LOSS

    BELTSVILLE, Md., May 13 /PRNewswire-FirstCall/ -- Spherix Incorporated
(Nasdaq: SPEX) today reported a net loss of $1.1 million on sales of $5.4
million for the three-months ended March 31, 2005, compared to a loss of
$547,000 on sales of $5.1 million for the same period in 2004. The increase in
net loss between periods was related to the lower contribution margin on the new
State of Maryland contract. The Company is taking necessary steps to improve the
margins in this contract, and expects that these efforts will show results in
the second half of the year.

    The growth in revenue came primarily from contracts that the Company won or
purchased during 2004. At year-end, contracted backlog had grown to a record $61
million, and many new bids made in the first quarter are pending.

    The Firm's BioSpherix Division increased its program of outsourcing
development of its patented drug uses of Naturlose with the addition of a
clinical trial at the University of Maryland Dental School where human
validation of the anti-plaque property demonstrated by laboratory tests is being
sought. The expanded trials programs and the move of the Division to its new
Annapolis facility added approximately $100,000 in expenses between years.

                                      Three Months Ended March 31,
                                     ------------------------------
                                         2005              2004
                                     ------------      ------------
    Revenue                          $  5,434,761      $  5,052,634
    Operating expense                   6,517,238         5,591,676
    Loss from operations             $ (1,082,477)     $   (539,042)

    Net loss                         $ (1,073,432)     $   (547,401)

    Net loss per share               $      (0.09)     $      (0.05)

    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-                             05/13/2005
    /CONTACT:  Kathy Brailer of Spherix Incorporated, +1-301-419-3900, or
kbrailer@spherix.com/
    /Web site:  http://www.spherix.com
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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