After nearly going bankrupt last year, US satellite radio firm Sirius XM has reported impressive financials for the first quarter of 2010. The company reported revenues of $670.6 million for the quarter, and a profit of $41.6 million – a big improvement from the $238.8 million loss it made in Q1 last year. Sirius gained 171,441 net subscribers in Q1, with CEO Mel Karmazin predicting that it will add more than 500,000 more by the end of this year. Source: PaidContent

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