It has been an eventful few months for Clearwire, the Kirkland-based mobile broadband company — from the ouster of its CEO to the resolution of a pricing dispute with Sprint, its majority owner. In the same way, the company’s first-quarter earnings today were a mixed bag, with higher revenues and record subscribers but a wider loss.

Here’s a look at some of the key numbers from the report.

  • Revenues: $242 million, up 128 percent from Q1 2010; $258 million counting effect of Sprint deal
  • Subscribers: 6.15 million, up 533% from Q1 2010 and 40% from Q4 2010
  • Average Revenue Per User – Retail: $46.32, up from $42.77 in Q1 2010 and $45.10 in Q4 2010
  • ARPU – Wholesale (i.e. via Sprint): $6.37 under Sprint resolution; $5.04 without that deal
  • Costs of Goods/Services & Network Costs: $243.6 million, up 59%, due to increased tower lease expenses and network expansion
  • Operating Loss: $687.5 million with Sprint deal; $671.5 million without

More details in Clearwire’s 10Q filing with the SEC today.

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  • Eric Peters

    Why does their 10Q look worse than the US Govts? $242M in revenue and $120M in just INTEREST expenses! I mean throw down the bigger # of $834M in the net loss #, they wouldn’t be solvant just paying off the interest expense each month, much less a COGS of more than their revenue ($243 vs the $242) geeze!

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