---
schema_version: "secwatch.filing_event.v1"
accession: "0001274737-24-000019"
form_type: "8-K"
ticker: "XGN"
cik: "0001274737"
company_name: "EXAGEN INC."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T14:35:51.796143+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Exagen reports record FY2023 revenue of $52.5M; net loss narrows to $23.7M

## Summary
- Record full-year revenue $52.5M (+10% YoY); Q4 revenue $13.8M (+8% YoY)
- Record 137,650 AVISE CTD tests performed in 2023; trailing 12-month ASP rose to $336
- Gross margin improved to 56% for FY2023 (59% Q4) from 44% in FY2022
- Net loss $23.7M for FY2023 vs $35.1M in FY2022; adjusted EBITDA -$17.1M vs -$29.1M
- Cash balance $36.5M at year-end; management cites progress toward profitability

## SEC filing metadata
- accession: 0001274737-24-000019
- form_type: 8-K
- ticker: XGN
- cik: 0001274737
- company_name: EXAGEN INC.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274737/000127473724000019/0001274737-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274737/000127473724000019/exdx-20240318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001274737-24-000019
- JSON: https://secwatch.observer/filing/0001274737-24-000019.json
- Plain text: https://secwatch.observer/filing/0001274737-24-000019.txt

## Key facts
- Earnings Releases
  EXAGEN INC. reported the quarter and year ended December 31, 2023 results: revenue $13.8 million for the fourth quarter of 2023, net income $5.6 million for the fourth quarter of 2023.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $13.8 million for the fourth quarter of 2023
  - Net income: $5.6 million for the fourth quarter of 2023
  - Result: reported results
  source text: On March 18, 2024 , the Company reported its financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1274737/000127473724000019/0001274737-24-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.