When it rains, it pours. XM reported an even wider loss for the second quarter on Thursday. In the past 3 months (ending June 30), the company reportedly lost $231.7 million, a significant drop compared to this time last year where they lost $148.8 million. Although XM pulled in nearly double the revenue of last year ($227.9 million), they have yet again lowered their estimates for full-year subscriber accounts.

The company blames “current marketplace dynamics” as the culprit, however the charges absorbed for restructuring their massive debt certainly played a part. Last year it was an issue with product availability and soft retail sales. It’s anyone’s guess what the finger will be pointed at next year when the losses are even greater. Hey! Maybe they’ll blame KOAR.