Exagen Inc. Stock Price, News & Analysis

Exagen (XGN) has appointed Dr. Michael Mahler as Chief Scientific Officer to enhance its autoimmune diagnostics leadership. Dr. Mahler, who earned his Ph.D. from the University of Heidelberg, brings over 20 years of experience in immunology and autoimmune research. His impressive background includes collaboration with autoimmune research pioneers at the Scripps Research Institute and previous role as Senior VP of Research Development at Werfen. With over 300 peer-reviewed publications and multiple patents, Dr. Mahler's expertise in autoantigen discovery and diagnostic innovation will drive Exagen's strategic initiatives in precision diagnostics for autoimmune diseases.

Exagen Inc. (XGN) has successfully completed its public offering, raising approximately $20.2 million in gross proceeds. The offering included the sale of 3,350,000 shares of common stock, plus an additional 502,500 shares due to the full exercise of the underwriter's option, all priced at $5.25 per share. The transaction closed on May 9, 2025, with Canaccord Genuity acting as the sole bookrunner. The offering was conducted under Exagen's shelf registration statement previously filed with the SEC.

Exagen Inc. (XGN) has announced the pricing of its public offering of 3,350,000 shares of common stock at $5.25 per share. The offering is expected to generate gross proceeds of $17.6 million before deducting underwriting discounts and expenses. The company has granted underwriters a 30-day option to purchase up to an additional 502,500 shares under the same terms.

The offering, scheduled to close on May 9, 2025, is being conducted through Canaccord Genuity as the sole bookrunner. The public offering is made pursuant to a shelf registration statement on Form S-3 that was declared effective by the SEC on November 29, 2023.

Exagen Inc. (XGN), an autoimmune testing solutions provider, has announced a proposed public offering of common stock. The company plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares. Canaccord Genuity will serve as the sole bookrunner for the offering. The offering will be conducted through a shelf registration statement on Form S-3 that was filed with the SEC on November 17, 2023, and declared effective on November 29, 2023. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

Exagen reported record Q1 2025 revenue of $15.5 million, driven by growth in AVISE CTD test volume and expanded average selling price (ASP). The company's trailing twelve-month ASP increased to $419, up $42 per test compared to Q1 2024. Despite revenue growth, Exagen posted a net loss of $3.75 million and adjusted EBITDA loss of $2.51 million. The company ended Q1 with $11.2 million in cash and secured a $25 million credit facility with Perceptive Advisors in April. Key developments include the launch of new SLE and RA biomarkers, publication of T-cell research, and commercial expansion plans. Exagen provided 2025 guidance of at least $65 million in revenue and expects positive adjusted EBITDA by Q4 2025.

Exagen Inc. (XGN) has secured a senior secured credit facility of up to $75 million with Perceptive Advisors The company received an initial $25 million tranche at closing to refinance existing debt with Innovatus Capital Partners and strengthen its balance sheet.

The facility includes additional tranches:

• $10 million available through March 2026 (revenue milestone-based)
• $10 million through December 2026 (revenue milestone-based)
• $30 million through March 2027 for business development initiatives

The loan terms include Term SOFR + 7% interest (SOFR floor 4.75%), 60-month interest-only payments, and warrants for 400,000 shares initially, with potential for 750,000 additional warrants tied to future tranches. The loan is secured by substantially all of Exagen's assets.

Exagen Inc. (Nasdaq: XGN), a leading provider of autoimmune testing, has scheduled its first quarter 2025 financial results announcement for May 5, 2025, before market opening. The company will host a conference call at 8:30 a.m. ET (5:30 a.m. PT) featuring President and CEO John Aballi and CFO Jeff Black.

Participants can join via phone at 201-389-0918 (U.S.) or +1-877-407-0890 (international), or through webcast available on the company's investor relations website. A replay will be accessible until May 19, 2025, through phone (201-612-7415 U.S., +1-877-660-6853 international, passcode 13753132) or webcast.

Exagen Inc. (XGN) reported strong financial results for Q4 and full-year 2024, achieving record total revenue of $55.6 million. The company demonstrated significant improvements in key metrics, including a 300 basis point increase in gross margin to 62.1% in Q4 and 59.5% for the full year.

The AVISE® CTD test reached a milestone of 1,000,000 patients tested, with its trailing twelve-month average selling price expanding to $411, a $75 increase per test. The company reduced its net loss by $1.8 million in Q4 and over $8 million for the full year compared to 2023.

Looking ahead, Exagen expects Q1 2025 revenue of at least $14.5 million and anticipates achieving positive adjusted EBITDA by Q4 2025. The company ended 2024 with $22.2 million in cash and restricted cash.

Exagen Inc. (Nasdaq: XGN), a leading provider of autoimmune testing, has scheduled the release of its fourth quarter and full-year 2024 financial results for March 11, 2025, before market opening. The company will host a conference call at 8:30 AM ET (5:30 AM PT) with President and CEO John Aballi and CFO Jeff Black to discuss the results.

Participants can join via phone at 201-389-0918 (U.S.) or +1-877-407-0890 (international), or through webcast available on the company's investor relations website. A replay will be accessible until April 14, 2025, at 11:59 PM ET through phone (201-612-7415 U.S., +1-877-660-6853 international, passcode 13751928) or webcast.