– It is possible that Sirius has not turned a profit a single quarter since the company was founded.
– This past Tuesday(8/1/06), Sirius released its quarterly financial statement(as required by law). In that statement, it was revealed that the company had “lost” $237.8 million for the quarter.
– By “lost”, it is meant that the company spent $237.8 million more than the $$$ it collected from all goods and services it sold during the quarter.
– Please save the cheerleading for yor favorite sport. This question pertains solely to the business fundamentals behind the enterprise, not to speculation on what the company may or may not do in the future.