secwatch.observer — SEC 8-K summary
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Issuer:     EXAGEN INC. (XGN)
CIK:        0001274737
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001274737-24-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exagen Q1 revenue up 28% to $14.4M; raises FY2024 guidance
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- Revenue $14.4M, +28.4% YoY; gross margin 59.6% vs 47.2% a year ago.
- Net loss $3.4M, a 56.3% improvement; adjusted EBITDA -$2.0M, a 67.7% improvement.
- AVISE CTD trailing 12-month ASP $377, up 35.1% versus prior year.
- Company raises full-year 2024 revenue and adjusted EBITDA guidance on strong momentum.
- Cash and equivalents $27.3M; accounts receivable $10.9M; cash runway into 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1274737/000127473724000045/0001274737-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1274737/000127473724000045/exdx-20240513.htm
  HTML page:      https://secwatch.observer/filing/0001274737-24-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer