Sirius XM said Thursday that it is developing an application so its satellite radio service will be streamed to Apple’s iPhone and iPod touch. The company said it expects to launch the application in the second quarter. Sirius XM executives–CFO David Frear, CEO Mel Karmazin and operations and sales chief Jim Meyer–all mentioned the iPhone launch on the company’s earnings conference call, which recapped Sirius’ fourth quarter results. Frear added that Sirius XM’s goal was to make its content available outside beyond its satellite signals. The company on Tuesday reported a fourth quarter net loss of $245.8 million, or 8 cents a share, on revenue of $644 million. Adjusted operating income was $31.8 million. Sirius XM said that its brush with bankruptcy is behind it and 2009 will be about cost cutting and preparing for future growth—at some point.

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