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Thread: SIRI INTRA DAY thread THUR MAY 7th 2009

  1. #1
    JohnnyIrishXM is offline
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    SIRI INTRA DAY thread THUR MAY 7th 2009

    Good Morning everyone,no need to elaborate any further ,we all know semi-importance of today..post away..

  2. #2
    trippingthespeculatingpos is offline
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    http://finance.yahoo.com/news/SIRIUS...2981.html?.v=1

    -- Pro Forma Revenue of $605.5 Million, Up 5% Year Over Year

    -- Company Achieves $108.8 Million in Pro Forma Adjusted Income From

    -- Operations - An Improvement of $179 Million Year Over Year

    -- Cash Operating Costs Decrease 23% Year Over Year

    -- Company Raises 2009 Adjusted Income From Operations Guidance

    NEW YORK, May 7 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) today announced first quarter 2009 financial and operating results, including $605.5 million in pro forma revenue, up 5% over first quarter 2008 pro forma revenue of $578.8 million; and $108.8 million in first quarter pro forma adjusted income from operations, as compared with first quarter 2008 pro forma adjusted loss from operations of ($70.2) million.

    (Logo: http://www.newscom.com/cgi-bin/prnh/...19/NYTU044LOGO)

    "Satellite radio is now a cash flow growth story," said Mel Karmazin, CEO of SIRIUS XM. "First quarter 2009 adjusted income from operations of $108.8 million is our second consecutive quarter of positive adjusted income from operations and represents an improvement of $179 million over last year's first quarter pro forma loss from operations of ($70.2) million. With a 5% increase in pro forma revenue and a 23% decrease in cash operating costs, these results demonstrate our focus on improving profitability despite slower automobile sales and a 2% sequential decline in satellite radio subscribers. The growth in adjusted income from $31.8 million in the fourth quarter of 2008 to $108.8 million in the first quarter of 2009 should give investors comfort that we are well positioned to exceed $350 million in adjusted income from operations this year, an increase from our prior guidance to exceed $300 million."

    First quarter 2009 pro forma revenue was $605.5 million, up 5% from first quarter 2008 pro forma revenue of $578.8 million. Subscriber acquisition cost (SAC) per gross subscriber addition was $61 in the first quarter of 2009, an improvement of 26% over the $82 in pro forma SAC per gross subscriber addition in the first quarter of 2008.

    SIRIUS XM ended first quarter 2009 with 18,599,434 subscribers, up 3% from 17,974,531 pro forma subscribers at the end of first quarter 2008 and down 2% from fourth quarter 2008 subscribers of 19,003,856. In the first quarter 2009, pro forma average revenue per subscriber (ARPU) was $10.43, as compared to pro forma ARPU of $10.48 in the first quarter 2008. The pro forma self-pay monthly customer churn was 2.2% in the first quarter 2009, as compared with self-pay monthly customer churn of 2.1% for SIRIUS and 1.8% for XM in the first quarter 2008.

    In the first quarter 2009, SIRIUS XM achieved positive pro forma adjusted income from operations of $108.8 million as compared to a pro forma adjusted loss from operations of ($70.2) million in the first quarter 2008.

    The first quarter 2009 pro forma net loss improved 73% to ($62.9) million as compared to a first quarter 2008 pro forma net loss of ($233.4) million. Pro forma free cash flow in the first quarter 2009 improved 99% to ($3.6) million as compared to a first quarter 2008 pro forma free cash flow loss of ($311.1) million.

    On a GAAP basis, first quarter 2009 revenue was $586.9 million, the first quarter 2009 net loss was ($50.4) million, or ($0.01) per share, and the first quarter 2009 net loss attributable to common stockholders was ($236.6) million, or ($0.07) per share. In the first quarter 2008, the GAAP net loss was ($104.1) million, or ($0.07) per share.

  3. #3
    trippingthespeculatingpos is offline
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    up we go looks like the street is liking this, and the 1st quarter is probaly going to be the worse qtr of the year so hopefully that gives people a boner thinking bout what will happen 2nd qtr with subs.

  4. #4
    trippingthespeculatingpos is offline
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    last .62, well the guys in the pit areliking it, lets see how the retailers act, 27 min till cc! better make siri look good mel.

  5. #5
    JohnnyIrishXM is offline
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    right on target,404k neg sub loss,108 mil EBITDA great,and 66mil FCF,as relmor said adjusted down to (3.6 mil loss) excellent. -.01 share loss.ok..

    Pre-market at .59 with high of .62....the pit is speaking...wait till 8am for real pre=market

  6. #6
    JohnnyIrishXM is offline
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    now for negative,self pay churn is 2.2%,lots of deactivations here,need to do a better job there..SAC as expected dropped to 63 from 81 .retail was terrible,ARPU took a hit with high promo's as tyler and John suggested.

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    Siriusowner is offline
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    The Tsunami is lifting all boats ... I keep pulling money off the table and my accounts keep rising overnight ... I do not understand, every damn company is posting a loss and we still open and close in the green every day ...

  8. #8
    john is offline
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    Quote Originally Posted by JohnnyIrishXM View Post
    now for negative,self pay churn is 2.2%,lots of deactivations here,need to do a better job there..SAC as expected dropped to 63 from 81 .retail was terrible,ARPU took a hit with high promo's as tyler and John suggested.



    Tyler said it, I just agreed with it. I would not worry to much about the churn as said many times, 1st quarter is always the worst for churn.

  9. #9
    john is offline
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    What worries me is the revenue, it missed big time. I hope the analyst dont kill SIRIXM on that but we will see (most likely because they were not projecting the losss of subs SIRIXM ended up having). I hope they now realize that the company already has enough subscribers to be profitable and that it is just a matter of time to get cost in line from the merger.

  10. #10
    underway is offline
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    Quote Originally Posted by Siriusowner View Post
    The Tsunami is lifting all boats ... I keep pulling money off the table and my accounts keep rising overnight ... I do not understand, every damn company is posting a loss and we still open and close in the green every day ...
    cause $$$ flowing back into the markets because investors thinking it has bottomed and time to jump back into equities where the real money can be made as the economy (and next boom) starts to develop. and SIRI is a great bet because it's so cheap now and has proven it's a viable biz with these numbers + Liberty.

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