On Aug. 2, Sirius Satellite Radio
- Sirius exceeded analyst estimates for its net loss and revenue. That's a major improvement from this time last year.
- Guidance was raised again, as well. Subscriber guidance for 2005 is now 3 million, up from 2.7 million, while the total 2005 revenue projection was boosted to $225 million from $215 million.
- Sirius also plans to refinance a portion of its more than $650 million in debt.
(Figures in thousands, except per-share data)
Income Statement Highlights (What's this?)
|
Avg. Est. |
Q2 2005 |
Q2 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$50,100 |
$52,194 |
$13,230 |
+294.5% |
|
Net Profit |
-- |
$(177,546) |
$(136,797) |
N/A |
|
EPS |
$(0.15) |
$(0.13) |
$(0.11) |
N/A |
Margin Checkup (What's this?)
|
Q2 2005 |
Q2 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
37.72% |
-77.79% |
+115.52% |
|
Op. Margin |
-334.49% |
-1005.18% |
+670.69% |
|
Net Margin |
-340.17% |
-1033.99% |
+693.83% |
Balance Sheet Highlights (What's this?)
|
Assets |
Q2 2005 |
Q2 2004 |
% Change |
|---|---|---|---|
|
Cash+ Restr. Investments |
$669,984 |
$731,714 |
-8.4% |
|
Inventory |
$- |
$- |
N/A |
|
Accounts Rec. |
$- |
$- |
N/A |
|
Liabilities |
|||
|---|---|---|---|
|
Long-Term Debt |
$654,307 |
$426,037 |
+53.6% |
|
Accounts Pay. |
$- |
$- |
N/A |
Cash Flow Highlights (What's this?)
|
Q2 2005 |
Q2 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$(181,805) |
$(135,174) |
N/A |
|
Capital Expend. |
$10,863 |
$10,340 |
+5.1% |
|
Free Cash Flow |
$(192,668) |
$(145,514) |
N/A |
Related companies:
-
Clear Channel Communications
(NYSE:CCU) -
Ford
(NYSE:F) -
Toyota
(NYSE:TM) -
Viacom
(NYSE:VIA) -
Westwood One
(NYSE:WON) -
XM Satellite Radio
(NASDAQ:XMSR)
Related Foolishness:
- Sirius good,says Rick Munarriz.
- No, Sirius bad,says Rich Smith.
- Sirius is heading to the Great White North.Taking off, eh?
- Satellite radio has finally moved to the center, and it's about time.
Sirius is one of the many companies David Gardner and his merry band of Fools are tracking in their quest for the next ultimate growth stock. Join them by giving Motley Fool Rule Breakers a 30-day risk-free trial today .
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Fool contributor Tim Beyers didn't own stock in any of the companies mentioned in this story at the time of publication. You can find out what's in his portfolio by checking Tim's Fool profile here . The Motley Fool has an ironclad disclosure policy .
