Exagen Inc. Reports Strong First Quarter 2024 Results: Raises Guidance for Full Year
Exagen Inc. (XGN)
Last exagen inc. earnings: 3/25 04:05 pm
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Source: GlobeNewswire
CARLSBAD, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Exagen Inc. (Nasdaq: XGN), a leading provider of autoimmune testing solutions, today reported financial results for the quarter ended March 31, 2024. First Quarter Highlights: Recognized total revenue of $14.4 million in the first quarter of 2024, a 28.4% increase over the first quarter of 2023.Delivered gross margin of 59.6% in the first quarter of 2024, compared to a gross margin of 47.2% in the first quarter of 2023. AVISE® CTD trailing twelve-month average selling price (ASP) of $377, a 35.1% increase over the trailing twelve-month ASP in the first quarter of 2023. Net loss of $3.4 million in the first quarter of 2024, a 56.3% improvement over the first quarter of 2023. Adjusted EBITDA of $(2.0) million for the first quarter of 2024, a 67.7% improvement over the first quarter of 2023. Cash and cash equivalents were $27.3 million, with cash runway into 2026. "I'm thrilled with the strong start to the year, where we saw con
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News
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- Exagen Inc. to Participate in the 2024 Cantor Global Healthcare ConferenceGlobeNewswire
- Bears are Losing Control Over Exagen (XGN), Here's Why It's a 'Buy' Now [Yahoo! Finance]Yahoo! Finance
XGN
Earnings
- 8/5/24 - Beat
XGN
Sec Filings
- 9/4/24 - Form 3
- 9/4/24 - Form 4
- 8/9/24 - Form 144
- XGN's page on the SEC website