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Message: [QUOTE="Peter Parker, post: 62442, member: 252"] XM Grows 1Q Revenue XM announced d first quarter revenue of $43 million, up from $13.1 million reported in first quarter 2003 and 30 percent from fourth quarter 2003 revenue of $33.5 million. Fixed expenses were $37.1 million for the three-month period, which XM said marks the first time quarterly revenues exceeded fixed expenses. Cost Per Gross Addition or CPGA was cut by about $50 to reach a level of $106. This is a measure of total acqusition costs and includes more costs than the SAC figure used in the satellite TV industry. Despite the good news EBITDA losses went to $78 million for the quarter up from 63.3 million the year and the net loss rose from $126.3 million to $170.1 million. XM added 321,675 net new subs for the quarter up from 135,916 a year ago. [/QUOTE]

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