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Last $0.48 USD
Change Today +0.025 / 5.56%
Volume 610.1K
As of 1:59 PM 08/31/15 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
Shares Outstanding
Dividend Yield
Current Stock Chart for SPHERIX INC (SPEX)

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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
Compensation as of Fiscal Year 2014.

spherix inc (SPEX) Key Developments

Spherix Incorporated Appoints Howard E. Goldberg as Independent Director

Spherix Incorporated announced that Howard E. Goldberg, the former Chief Executive Officer of InterDigital Inc. has agreed to join the Board of Directors of Spherix as an independent director. With the addition of Mr. Goldberg, Spherix now has six directors, including five independent directors. Mr. Goldberg has significant experience serving both public and private companies and deep industry relationships resulting from his track record InterDigital.

Spherix Incorporated Announces Board Changes

On July 8, 2015, Mr. Alexander Poltorak informed the Board of Directors of Spherix Incorporated that he intends to resign as a member of the Board, effective upon the election and qualification of Mr. Tim Steven Ledwick as a director of the Company. On July 8, 2015, the Board appointed Tim Steven Ledwick to serve as a director of the Company, effective as of July 9, 2015, the date of his acceptance of such position. Mr. Ledwick currently serves as CFO of Management Health Solutions.

Spherix Incorporated Provides Litigation Update

Spherix Incorporated announced a litigation update. In the matter of Spherix Incorporated versus Verizon Services Corp. et al., Case No. 1:14-cv-00721-GBL-TCB, in the United States District Court for the Eastern District of Virginia, the Court issued a Markman Order on July 1, 2015 interpreting certain key claims in favor of the Defendants on the one patent at issue in the case. In light of the Court’s Markman decision on the one patent, the Court also granted the Defendants’ Motion for Summary Judgment. The other twenty patents being asserted by Spherix in other cases were not affected by the ruling. Moreover, the patent infringement claims being brought in the second suit filed against Verizon were not affected and that case against Verizon continues.


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Industry Analysis


Industry Average

Valuation SPEX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2,575.6x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1,825.1x

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