- Sep 9, 2003
- 12,278
- 1,951
The net loss was $118 million, or 59 cents a share, for the period ended Sept. 30. That compares with the prior year's loss of $133.4 million, or $1.12 a share.
Excluded from those results is a preferred stock dividend of $2.1 million for 2004. The 2003 results exclude a preferred stock dividend of $4.5 million and a preferred stock retirement loss of $7.7 million.
Revenue more than doubled to $65.4 million from $26.9 million, as the company increased net subscriber additions by 75 percent. XM Satellite added 415,671 net subscribers in the third quarter, to reach a total of 2.52 million at the quarter's end. That compares with 237,395 additions in the prior third quarter.
Excluded from those results is a preferred stock dividend of $2.1 million for 2004. The 2003 results exclude a preferred stock dividend of $4.5 million and a preferred stock retirement loss of $7.7 million.
Revenue more than doubled to $65.4 million from $26.9 million, as the company increased net subscriber additions by 75 percent. XM Satellite added 415,671 net subscribers in the third quarter, to reach a total of 2.52 million at the quarter's end. That compares with 237,395 additions in the prior third quarter.