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Sirius Losses Grow

Sirius Losses Grow

Sirius Satellite Radio’s fourth quarter ’03 net loss was $147.8 million. That compares to a net loss for the same period the previous year of $134.1 million. Fourth quarter revenue rose to $5 million (from $685,000 for the same period in 2002).
Sirius reported a loss from operations of $125 million for Q4 of 2003, compared to $90.8 million in Q4 of 2002.
For the year, Sirius recognized total revenue of $12.9 million in 2003, compared to $805,000 for the year 2002.