SIRI » Topics » Guidance

This excerpt taken from the SIRI 8-K filed Nov 8, 2006.

Guidance

SIRIUS today reiterated the following guidance for full year 2006:

 

 

 

 

6.3 million subscribers at year-end;

 

Average monthly churn of approximately 1.8%;

 

SAC per gross subscriber addition approaching $110;

 

Total revenue of $615 million;

 

Adjusted loss from operations of approximately ($565) million;

 

Free cash flow(1)(6) loss of approximately ($500) million; and

 

SIRIUS’ first quarter of positive free cash flow, after capital expenditures, could be reached as early as the fourth quarter of 2006.

Previously issued longer term guidance remains unchanged.

This excerpt taken from the SIRI 8-K filed Aug 1, 2006.

Guidance

SIRIUS today provided the following guidance for full year 2006:

 

 

6.3 million subscribers at year-end, increased from previous guidance of over 6.2 million

 

Average monthly churn of approximately 1.8%, in line with previous guidance

 

SAC per gross subscriber addition approaching $110, in line with previous guidance

 

Total revenue of $615 million, up from previous guidance of over $600 million

 

Adjusted loss from operations of approximately ($565) million, in line with previous guidance

 

Free cash flow loss of approximately ($500) million, reflecting the impact of the satellite agreement announced in June 2006 and changes to working capital assumptions, up from previous guidance of ($480) million

 

SIRIUS’ first quarter of positive free cash flow, after capital expenditures, could be reached as early as the fourth quarter of 2006

Previously issued longer term guidance remains unchanged.

(LOGO)


This excerpt taken from the SIRI 8-K filed May 2, 2006.

Guidance

SIRIUS provided the following guidance for full year 2006 and beyond:

Full Year 2006:

 

 

Over 6.2 million subscribers at year-end

 

Average monthly churn of approximately 1.8%

 

SAC per gross addition approaching $110

 

Total revenue to exceed $600 million

 

Adjusted loss from operations of approximately ($565) million, reflecting the impact on total SAC of more robust subscriber growth than previously expected

 

SIRIUS’ first quarter of positive free cash flow, after capital expenditures, could be reached as early as the fourth quarter of 2006

Longer Term:

 

 

Total revenue for 2007 of approximately $1 billion

 

SAC per gross addition for 2007 to decline further from the 2006 level

 

Positive free cash flow, after capital expenditures, for full-year 2007

 

Total revenue for 2010 of approximately $3 billion

 

Free cash flow for 2010, after capital expenditures, of approximately $1 billion



Conference Call Information:

SIRIUS will hold a conference call today at 8 am ET to discuss operating and financial results. The public, members of the investment community and the press will have live access to the conference call via the company’s website, www.sirius.com, and on the SIRIUS service by tuning to SIRIUS Channel 125. A replay of the call will also be available on the SIRIUS website.

This excerpt taken from the SIRI 8-K filed Feb 17, 2006.

Guidance

SIRIUS believes that the satellite radio industry will continue to experience strong growth in 2006, and the company expects to have over 6 million subscribers by the end of this year.

Average monthly churn is expected to be approximately 1.8% for 2006. The company expects SAC per gross subscriber addition to approach $110 for the full-year 2006 and to decline further in 2007.

SIRIUS expects to generate approximately $600 million of total revenue in 2006, and approximately $1 billion in 2007. SIRIUS expects an adjusted loss from operations of approximately $540 million in 2006.


SIRIUS ended the fourth quarter of 2005 with approximately $879 million in cash, cash equivalents and marketable securities. SIRIUS’ first quarter of positive free cash flow, after capital expenditures, could be reached as early as the fourth quarter of 2006, and the company continues to expect to generate positive free cash flow for the full-year 2007.

The company expects capital expenditures to be approximately $110 million in 2006, which includes investments for new revenue generating opportunities such as telematics, video and other data services, as well as network infrastructure expansion, including payments related to the previously disclosed contract to secure a slot for a possible satellite launch prior to year-end 2010.

SIRIUS also believes that in 2010 the company will generate approximately $3 billion in revenue and approximately $1 billion in free cash flow, after capital expenditures.

Conference Call Information:

SIRIUS will hold a conference call today at 8 am ET to discuss operating and financial results. The public, members of the investment community and the press will have live access to the conference call via the company’s website, www.sirius.com, and on the SIRIUS service by tuning to SIRIUS Channel 125. A replay of the call will also be available on the SIRIUS website.

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