secwatch.observer — SEC 8-K summary
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Issuer:     EXAGEN INC. (XGN)
CIK:        0001274737
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001274737-24-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exagen posts record Q2 revenue $15.1M, raises FY2024 guidance
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- Record total revenue of $15.1M in Q2 2024, up from $14.1M in Q2 2023.
- Net loss improved 40.8% to $3.0M; adjusted EBITDA loss improved 53.5% to $1.6M.
- Gross margin expanded to 60.1% from 58.7% YoY.
- AVISE CTD trailing 12-month ASP reached $401, up 25.3% YoY.
- Company raised full-year 2024 revenue and adjusted EBITDA guidance (specific figures not disclosed in release).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1274737/000127473724000078/0001274737-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1274737/000127473724000078/exdx-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001274737-24-000078

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