secwatch.observer — SEC 8-K summary
======================================

Issuer:     EXAGEN INC. (XGN)
CIK:        0001274737
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001274737-25-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exagen Q3 revenue $17.2M (+38% YoY), record; net loss $7.1M; guides FY rev $65-70M
--------------------------------------------------------------------------------

- Revenue $17.2M up 38% YoY; net loss $7.1M vs $5.0M loss last year.
- Adjusted EBITDA loss narrowed to $1.9M from $4.0M; gross margin improved to 58.4%.
- AVISE CTD test volume up 16% YoY; ASP $441 (+$37 YoY).
- Cash at $35.7M, up from $30.0M in Q2 2025.
- FY2025 revenue guidance $65-70M; expects positive adjusted EBITDA in Q4 at high end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1274737/000127473725000069/0001274737-25-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1274737/000127473725000069/exdx-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001274737-25-000069

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