XM Canada reports 15th consecutive quarter of revenue growth

TORONTO – While still not in the black, XM Canada said that a growing subscriber base accounted for a 30% jump in total revenue for its third quarter, marking the company’s 15th consecutive quarter of revenue growth.Revenue increased by $3.1 million to $13.5 million from for the quarter ended May 31, 2009, up from $10.3 million for the same quarter in 2008. Year-to-date revenue grew 40% to $38.7 million, compared to $27.7 million last year.The digital audio entertainment company also reported 30% growth in self-paying subscribers - reaching 363,400 in 2009, up from 280,400 in 2008."This was a great quarter and significantly,...