8-K

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                                  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: March 30, 2004
                         ------------------------------
                        (Date of earliest event reported)

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

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

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

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

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

Item 12: RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On March 30, 2004, the Registrant issued a press release regarding its financial
results for the fourth  quarter  ended  December  31,  2003. 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.



                                   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
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         Thomas W. Gantt
         Chief Executive Officer

     Date: March 30, 2004

                                  EXHIBIT INDEX

Exhibit Number          Description
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99.1                    Press Release dated March 30, 2004


                                       2

EX-99.1

                                                                    Exhibit 99.1

                    Spherix Reports 2003 Financial Results

    BELTSVILLE, Md., March 30 /PRNewswire-FirstCall/ -- Spherix Incorporated
(Nasdaq: SPEX), today reports a net loss of $2.3 million, $0.20 per share, on
revenue of $18.1 million for the year ended December 31, 2003, compared with a
net loss of $2.9 million, $0.26 per share, on revenue of $15.1 million for the
year ended December 31, 2002.
    InfoSpherix revenue increased $2.0 million, 13%, between years as a result
of two new government contracts that began in late 2002, and the Division's
operating results improved $450,000 between years.  Earnings were negatively
affected by increased legal fees and start up costs on new projects.  The
legal fees were related to projects on federal reservation contracts and the
legal issues have been substantially resolved.
    The Division won four new government contracts in late 2003, three of
which are reservation contracts, which will benefit 2004.  In March of 2004,
the Division won a multi-million dollar Federal Retirement Thrift Investment
Board contract.  Also in early 2004, the Company acquired six additional
government reservation contracts as part of the purchase of the reservation
business of Daksoft, a wholly owned subsidiary of Black Hills Corporation
located in Rapid City, South Dakota.
    BioSpherix revenue increased $943,000 between years as result of the
arbitration settlement with Arla Foods Ingredients amba ("Arla") of Denmark,
allowing it to realize $1 million as revenue that was previously designated as
a prepayment for future royalties.  BioSpherix earnings were negatively
impacted by increased legal fees related to the arbitration with Arla that was
settled in November 2003.
    Spherix President and CEO Thomas W. Gantt stated, "Overall, the increase
in revenues and the reduction in losses for 2003 are positive signs that the
Company is headed in the right direction.  Royalties from our tagatose product
that began during this year were minimal, but will improve over time.  The
InfoSpherix Division continues to grow in both its Federal contact center and
reservation business."

                                               For the Year Ended December 31
                                                  2003               2002

     Revenue                                 $ 18,086,711       $ 15,131,855
     Operating expense                         20,361,357         18,134,896
     (Loss) income from operations             (2,274,646)        (3,003,041)
     Net (loss) income                       $ (2,256,770)      $ (2,921,926)
     Net (loss) income per share, diluted    $      (0.20)      $      (0.26)

    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-                             03/30/2004
    /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
SU:  ERN