Company profile

Ticker
SPEX
Exchange
CEO
Anthony C. Hayes
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Biospherics Inc
SEC CIK
IRS number
520849320

SPEX stock data

(
)

Calendar

14 Aug 19
17 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue
Net income -644K -1.15M 5.5M -1.89M
Diluted EPS -0.3 -0.57 0.69 -0.22
Operating income -888K -713K -2.08M -1.95M
Net change in cash 118K 429K -92K -69K
Cash on hand 564K 446K 17K 109K
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 28K 1.24M 877K 33K
Net income 1.73M -3.31M -6.48M -51.47M
Diluted EPS 0.21 -0.6 6.51 -24.98
Net profit margin 6168% -267% -738% -155955%
Operating income -6.87M -3.82M -8.55M -52.01M
Net change in cash -183K 100K 0 -700K
Cash on hand 17K 200K 100K 100K

Financial data from Spherix earnings reports

Financial report summary

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Management Discussion
  • For the year ended December 31, 2018 and 2017, revenue was approximately $28,000 and $1.2 million, respectively. The $28,000 for the year ended December 31, 2018 is a settlement from monetization pursuant to agreement with Equitable. The $1.2 million for the year ended December 31, 2017 primarily represents the amortization of deferred revenue related to the two patent license agreements we entered into with RPX Corporation (“RPX”) on November 23, 2015 and May 22, 2016 (the “RPX License Agreements”). The Company has determined that its licenses represent functional intellectual property under Topic 606. Therefore, revenue is recognized at the point in time when the customer has the right to use the intellectual property rather than over the license period. Accordingly, the Company’s deferred revenue related to its licenses was eliminated through a debit in the amount of approximately $3.2 million through the accumulated deficit at the beginning of 2018. The Company will not recognize revenue from the RPX license or the other patents in its portfolio in the future. 
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll freshman Bad
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Removed: capacity, comparable, discount, merge, office, representative, set, space, subsidiary, transition