Well as many of you know today XM Satellite Radio had an earnings report call that got a ton of press today. The official press release is here.

Here’s a quick lowdown of the press release:

- XM added more than 2.7 million net subscribers, to more than double subscription revenue to $503 million.
- XM expects to be cash-flow positive in the fourth quarter of 2006 with $806 million in subscription revenue, and expect to exceed 9 million subscribers by the end of 2006 as well
- By 2010, XM Satellite Radio is expecting to have more than 20 million subscribers.
- XM ended 2005 with 5,932,957 subscribers, an increase of 84 percent over 2004.
- XM achieved net subscriber additions of 898,315. Later than expected activations from strong holiday sales brought the total to more than six million during the first week of January.

On the downside Pierce Roberts who sat on XM Radio’s Board of Directors resigned today, so perhaps we’ll see some changes @ the executive level. I think as long as XM is cash positive by the end of the year they’ll be looking good.