Sirius Operating Loss, Total Revenue Grow in Q2

Sirius Operating Loss, Total Revenue Grow in Q2
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For the second quarter of 2003, Sirius reported total revenue of $2.1 million, compared to $70,000 for the second quarter of 2002.
The company saw its operating loss grow, at $109.8 million for Q2 2003, compared to a loss from operations of $89.9 million for the same quarter last year. Sirius' EBITDA loss for the second quarter of 2003 was $86.3 million, compared with $67.8 million in the second quarter of 2002. The EBITDA loss included a $14.5 million non-cash charge associated with the disposal of Sirius' previous subscriber management system.
For the second quarter of 2003, average monthly revenue per subscriber, or ARPU, was $7.91. Excluding the costs of mail-in rebate programs, ARPU for the second quarter of 2003 was $10.84.
For the first half of 2003 Sirius reported total revenue of $3.7 million, compared to $103,000 for the first half of 2002. The satcaster saw a loss from operations of $208.9 million for the first half of 2003, compared to a loss from operations of $140.6 million for the first half of 2002.

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