Sirius Satellite Radio (Nasdaq:SIRI) Masks Lack of Profits

Sirius Satellite Radio recently announced quarterly and year end results in breathless manner. The spin was all on record growth. The company has not been around long enough to bench mark records. The nitty gritty of actual profit and loss were well buried in the press release. I know it’s a big start up but when you are afraid to look at the profits you miss the necessary focus. The real question is when will profitability be achieved. Investors do not care if you have one subscriber or tens of millions. They will want profits.