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Stock impact report

Exagen Inc. Reports Strong Fourth Quarter and Full-Year 2023 Results [Yahoo! Finance]

Exagen Inc. (XGN) 
Last exagen inc. earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Financial Highlights: Record total revenue of $52.5 million for the full-year 2023, and total revenue of $13.8 million for the fourth quarter of 2023. Record 137,650 AVISE ® CTD tests performed for the full-year 2023, including 30,438 tests for the fourth quarter of 2023. Over 900,000 AVISE ® CTD tests performed to date since launch. AVISE ® CTD trailing twelve-month average selling price (ASP) of $336, an increase of $51 over the course of the year. Delivered 56% gross margin for full-year 2023 and 59% for the fourth quarter of 2023. Net loss of $23.7 million for the full-year 2023 and $5.6 million for the fourth quarter of 2023. Adjusted EBITDA of $(17.1) million for the full-year 2023 and $(3.9) million in the fourth quarter of 2023. Cash balance of $36.5 million at year-end 2023. “I am extremely proud of our team's commitment and hard work this past year. We transformed quite a bit at Exagen and together, we are steering the company towards profitability, with a s Show less Read more
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