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November 22, 2009 4:30 AM ET

SIRIUS XM Radio Inc.

(SIRI*(D):NASDAQ)

LAST $0.63 USD
CHANGE TODAY -0.0002 -0.03%
VOLUME 22.0M
*(D) = Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of SIRIUS XM Radio Inc. (SIRI)

OPEN
$0.62
PREVIOUS CLOSE
$0.63
DAY HIGH
$0.64
DAY LOW
$0.60
52 WEEK HIGH
08/21/09 - $0.78
52 WEEK LOW
02/11/09 - $0.05
MARKET CAP
2.4B
AVERAGE VOLUME 3 mo
25.5M
DILUTED EPS TTM
$-0.23
SHARES OUTSTANDING
3.9B
SIRI Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICSirius XM

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SIRI Details

Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. As of December 31, 2008, Sirius XM Radio had 19,003,856 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offers graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Websites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems and products that provide access to the Internet radio services in the home without the personal computer. Sirius XM Radio Inc. was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.

SIRI Top Compensated Officers

Chief Executive Officer and Director
Age: 65
Total Annual Compensation: $1.3M
President and Chief Content Officer
Age: 49
Total Annual Compensation: $845.8K
Chief Financial Officer, Interim Principal Ac...
Age: 52
Total Annual Compensation: $631.3K
President of Sales and Operations
Age: 53
Total Annual Compensation: $945.8K
Executive Vice President, Secretary and Gener...
Age: 47
Total Annual Compensation: $522.9K
Compensation as of Fiscal Year 2008.

Key developments for SIRIUS XM Radio Inc. (SIRI)

SIRIUS XM Radio Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months September 30, 2009 ; Reaffirms Earnings Guidance for the Full Year of 2009 ; Provides Earnings Guidance for the Full Year of 2010

SIRIUS XM Radio Inc. announced unaudited consolidated earnings results for the third quarter and nine months September 30, 2009. For the quarter, on pro forma basis the company reported total revenue of $629,607,000 compared to $612,776,000 for the same period last year. Income from operations was $36,790,000 compared to loss from operation of $138,201,000 for the same period last year. Loss before income taxes was $180,820,000 compared to $215,287,000 for the same period last year. Net loss was $181,935,000 compared to $217,010,000 for the same period last year. On actual basis, the company reported total revenue of $618,656,000 compared to $488,443,000 for the same period last year. Income from operations was $66,355,000 compared to loss from operation of $4,826,977,000 for the same period last year. Loss before income taxes was $148,075,000 compared to $4,878,212,000 for the same period last year. Net loss attributable to common stockholders was $149,190,000 or $0.04 basic and diluted per share compared to $217,010,000 or $1.93 basic and diluted per share for the same period last year. Adjusted income from operations was $106,140,000 compared to adjusted loss from operations of $36,851,000 for the same period last year. Increase in revenue was primarily driven by an increase in subscriber revenue resulting primarily from a 2% growth in weighted average subscribers over the period as well as revenues from the sale of 'Best of' programming, rate increases to the company's multi-subscription and Internet packages, and the U.S. Music Royalty Fee introduced in the quarter ended September 30, 2009. For the nine months, on pro forma basis the company reported total revenue of $1,842,924,000 compared to $1,792,632,000 for the same period last year. Income from operations was $100,134,000 compared to loss from operation of $471,277,000 for the same period last year. Loss before income taxes was $412,746,000 compared to $650,054,000 for the same period last year. Net loss was $416,090,000 compared to $653,867,000 for the same period last year. On actual basis, the company reported total revenue of $1,796,464,000 compared to $1,041,809,000 for the same period last year. Income from operations was $144,652,000 compared to loss from operation of $4,983,650,000 for the same period last year. Loss before income taxes was $353,613,000 compared to $5,065,143,000 for the same period last year. Net loss attributable to common stockholders was $543,145,000 or $0.15 basic and diluted per share compared to $5,067,444,000 or $2.76 basic and diluted per share for the same period last year. Adjusted income from operations was $347,198,000 compared to adjusted loss from operations of $168,096,000 for the same period last year. The company affirmed its year 2009 guidance of over $400 million in pro forma full-year adjusted income from operations. The company also provided guidance for 2010. The company expects the company's cash flow growth momentum to continue into 2010, and the company projects full-year adjusted income from operations to increase approximately 20% next year. Based upon assumed 2010 automobile sales of 11.3 million units the company expects to achieve positive full-year subscriber growth in 2010. The company also expects 2010 revenue growth of mid- to high-single digits, and growth in free cash flow compared to 2009.

SIRIUS XM Radio Inc. Announces the XM SkyDock(TM)

SIRIUS XM Radio Inc. announced that the XM SkyDock(TM), the first satellite radio controlled by an iPod touch or iPhone, is available for purchase in stores across the country including the Apple Store, Best Buy, Radio Shack, independent retailers and online retailers, including www.xmradio.com/skydock. Subscribers can enjoy all of XM and the complete 'Best of SIRIUS' programming package controlled by their iPod touch or iPhone anywhere they drive. XM SkyDock will also charge iPod touch and iPhone devices while listening to satellite radio. The required XM SkyDock App utilizes the innovative Multi-Touch user interface of iPhone and iPod touch to let customers experience the breadth of content SIRIUS XM subscribers have come to enjoy. The XM SkyDock App is available for free from the App Store on iPhone and iPod touch or at www. Itunes.com/appstore.

SIRIUS XM Radio Inc. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).

SIRIUS XM Radio Inc. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).

Stock Quotes

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SIRI Competitors

Company Last Change
Citadel Broadcasting Corp $0.05 USD +0.004
Finisar Corporation $9.36 USD +0.06
Iridium Communications Inc $8.53 USD -0.20
Loral Space and Communications Inc $29.04 USD +0.26
RealNetworks Inc $3.43 USD -0.15
View Industry Companies
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation SIRI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 317.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

SIRI

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SIRI transactions

Type
Date
Target
Private Placement
August 12, 2009
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View More SIRI Transactions...

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