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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (2159)	2/16/2006 8:02:17 AM
From: sixty2nds	Respond to of 3386

07:10 XMSR XM Satellite loss $0.30 worse than expected; reaffirms subscriber guidance; says cash flow break-even by yr end (25.25 ) Reports Q4 (Dec) loss of $1.22 per share, $0.30 worse than the Reuters Estimates consensus of ($0.92); revenues rose 112.9% year/year to $177 mln vs the $174.4 mln consensus. Co reports Q4 SAC of $89.00 vs $65.36 street expectation; reports Q4 CPGA of $141 vs $112.4 street expectation. Q4 subscriber acquisition cost (SAC) rose to $89 from $64 in the yr-ago. Co attributes increase in SAC primarily to higher marketing expenses to meet a one-time competitive event in Q4. In Q1, XM expects a more normalized market environment and projects that SAC and CPGA will decrease in 2006. XM ended the year with $711 million in cash and cash equivalents with additional capacity provided by their undrawn $135 mln GM Facilities. XM will opportunistically continue to improve and reshape the balance sheet in 2006. Co reaffirms "exceeding 9 mln subs in FY06". Co states that it will reach cash flow break-even by yr end.