Spherix Inc. (SPEX) reported that its first-quarter net loss was $1.2 million or $0.31 per share, compared with a net loss of $0.2 million or $0.10 per share for the first quarter of 2011. The prior quarter result included a gain on a settlement of an obligation of $0.8 million.
Revenue for the quarter was $209,562 down from $306,303 last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.