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Last $0.47 USD
Change Today +0.1501 / 46.92%
Volume 1.1M
SPEX On Other Exchanges
SPEX is not on other exchanges.
As of 8:10 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

spherix inc (SPEX) Snapshot

Previous Close
Day High
Day Low
52 Week High
11/20/14 - $1.65
52 Week Low
07/20/15 - $0.20
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for SPHERIX INC (SPEX)

spherix inc (SPEX) Related Businessweek News

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spherix inc (SPEX) Details

Spherix Incorporated operates as an intellectual property company that owns, develops, acquires, and monetizes patented and unpatented intellectual properties. The company owns approximately 330 patents and patent applications. Its patent portfolio includes the U.S. and foreign patents and pending patent applications in the wireless communications and telecommunication sectors, including data, optical and voice technology, antenna technology, Wi-Fi, base station functionality, and cellular, as well as patents related to artificial sweetener and prescription refill technology. The company was founded in 1967 and is based in Bethesda, Maryland.

5 Employees
Last Reported Date: 03/30/15
Founded in 1967

spherix inc (SPEX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $600.0K
Interim Chief Financial Officer
Total Annual Compensation: $182.9K
Compensation as of Fiscal Year 2014.

spherix inc (SPEX) Key Developments

NASDAQ Grants Spherix Incorporated Additional 180 Calendar Day Period To Regain Compliance

On September 22, 2015, Spherix Incorporated received a letter from The NASDAQ Stock Market LLC (NASDAQ) indicating that the Company was afforded an additional 180 calendar day period to regain compliance with the minimum bid price requirement of $1.00 per share, as set forth in NASDAQ Listing Rule 5550(a)(2). The notification has no immediate effect on the listing of the Company’s common stock on The Nasdaq Capital Market. As previously disclosed by the Company on the Current Report on Form 8-K filed on March 27, 2015 with the Securities and Exchange Commission, on March 24, 2015 the Company received a written notification from NASDAQ notifying the Company that it had failed to comply with the Rule because the bid price for the Company’s common stock over a period of 30 consecutive business days prior to such date had closed below the minimum $1.00 per share requirement for continued listing. In accordance with NASDAQ’s Listing Rule 5810(c)(3)(A), the Company had a period of 180 calendar days, or until September 21, 2015, to regain compliance with the Rule. After determining that it would not be in compliance with the Rule by September 21, 2015, the Company notified NASDAQ and applied for an extension of the cure period, as permitted under the original notification. In accordance with NASDAQ Listing Rule 5810(c)(3)(A), NASDAQ granted a second grace period of 180 calendar days, or until March 21, 2016, to regain compliance with the minimum closing bid price requirement for continued listing. In order to regain compliance, the minimum closing bid price per share of the Company’s common stock must be at least $1.00 for a minimum of ten consecutive business days. Continued listing during this period is also contingent on the Company’s continued compliance with all listing requirements other than for the minimum bid price. If the Company fails to regain compliance by March 21, 2016, the Company’s stock will be subject to delisting by NASDAQ. If the Company’s closing bid price does not rise of its own accord sufficient to meet the above-referenced NASDAQ requirement, the Company may consider a reverse stock split, if necessary, to continue its listing, and have committed to NASDAQ to do so no less than ten business days prior to the expiration of this extended cure period, if necessary.

Spherix To Raise $10 Million For General Purposes Including Acquisitions

Spherix Incorporated (NasdaqCM:SPEX) is seeking acquisitions. Spherix Incorporated has filed a shelf registration in the amount of $10.00 million. Spherix intends to use the net proceeds from the offering for general corporate purposes, which may include working capital, capital expenditures, research and development expenditures, regulatory affairs expenditures, acquisitions of new intellectual properties, technologies and investments, monetization of its patents and the repayment, refinancing, redemption or repurchase of certain existing or future indebtedness or capital stock.

Spherix Incorporated Announces Settlement Agreement Verizon Communications Inc

Spherix Incorporated announced that a settlement agreement between Spherix and Verizon was entered into as of August 31, 2015, resolving all outstanding litigation between the two companies. Per the agreement reached by the parties, no commercial terms are disclosed.


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Industry Analysis


Industry Average

Valuation SPEX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2,690.1x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1,962.7x

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