(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Exhibit No. | Description | |||||||
99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
EXAGEN INC. | ||||||||||||||||||||
Date: November 14, 2022 | By: | /s/ Kamal Adawi | ||||||||||||||||||
Kamal Adawi | ||||||||||||||||||||
Chief Financial Officer |
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
Revenue | $ | 14,726 | $ | 12,251 | $ | 32,726 | $ | 35,610 | ||||||||||||||||||
Operating expenses: | ||||||||||||||||||||||||||
Costs of revenue | 6,010 | 5,487 | 17,905 | 15,649 | ||||||||||||||||||||||
Selling, general and administrative expenses | 14,151 | 11,528 | 39,204 | 32,739 | ||||||||||||||||||||||
Research and development expenses | 2,382 | 1,740 | 7,175 | 5,035 | ||||||||||||||||||||||
Total operating expenses | 22,543 | 18,755 | 64,284 | 53,423 | ||||||||||||||||||||||
Loss from operations | (7,817) | (6,504) | (31,558) | (17,813) | ||||||||||||||||||||||
Interest expense | (618) | (678) | (1,822) | (1,986) | ||||||||||||||||||||||
Other income, net | 339 | 3 | 346 | 1 | ||||||||||||||||||||||
Net loss | $ | (8,096) | $ | (7,179) | $ | (33,034) | $ | (19,798) | ||||||||||||||||||
Net loss per share, basic and diluted | $ | (0.47) | $ | (0.42) | $ | (1.94) | $ | (1.27) | ||||||||||||||||||
Weighted-average number of shares used to compute net loss per share, basic and diluted | 17,080,959 | 16,945,591 | 17,044,623 | 15,636,150 |
September 30, 2022 | December 31, 2021 | |||||||||||||
Assets | ||||||||||||||
Current assets: | ||||||||||||||
Cash and cash equivalents | $ | 68,704 | $ | 99,442 | ||||||||||
Accounts receivable, net | 10,639 | 9,654 | ||||||||||||
Prepaid expenses and other current assets | 2,717 | 3,638 | ||||||||||||
Total current assets | 82,060 | 112,734 | ||||||||||||
Property and equipment, net | 8,331 | 4,772 | ||||||||||||
Operating lease right-of-use assets | 5,114 | — | ||||||||||||
Goodwill | 5,506 | 5,506 | ||||||||||||
Other assets | 586 | 433 | ||||||||||||
Total assets | $ | 101,597 | $ | 123,445 | ||||||||||
Liabilities and Stockholders' Equity | ||||||||||||||
Current liabilities: | ||||||||||||||
Accounts payable | $ | 3,669 | $ | 2,492 | ||||||||||
Operating lease liabilities | 1,009 | — | ||||||||||||
Accrued and other current liabilities | 6,654 | 6,826 | ||||||||||||
Total current liabilities | 11,332 | 9,318 | ||||||||||||
Borrowings-non-current portion, net of discounts and debt issuance costs | 28,008 | 27,478 | ||||||||||||
Non-current operating lease liabilities | 4,766 | — | ||||||||||||
Deferred tax liabilities | 306 | 306 | ||||||||||||
Other non-current liabilities | 999 | 1,407 | ||||||||||||
Total liabilities | 45,411 | 38,509 | ||||||||||||
Stockholders' equity: | ||||||||||||||
Common stock, $0.001 par value; 200,000,000 shares authorized at September 30, 2022 and December 31, 2021; 16,305,475 and 16,164,994 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively | 16 | 16 | ||||||||||||
Additional paid-in capital | 297,344 | 293,060 | ||||||||||||
Accumulated deficit | (241,174) | (208,140) | ||||||||||||
Total stockholders' equity | 56,186 | 84,936 | ||||||||||||
Total liabilities and stockholders' equity | $ | 101,597 | $ | 123,445 |
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Cover |
Oct. 20, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Nov. 14, 2022 |
Entity Registrant Name | EXAGEN INC. |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-39049 |
Entity Tax Identification Number | 20-0434866 |
Entity Address, Address Line One | 1261 Liberty Way |
Entity Address, City or Town | Vista |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 92081 |
City Area Code | 760 |
Local Phone Number | 560-1501 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.001 per share |
Trading Symbol | XGN |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Central Index Key | 0001274737 |
Amendment Flag | false |
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