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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
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EXAGEN INC. (XGN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-05-18Dec-31-17Dec-31-15
   10-K10-K10-K10-K10-K8-KS-1/AS-1/A
Revenues  45.648.342.040.432.432.426.817.9
            Revenue growth  -5.7%15.1%3.9%24.5%21.0%  53.9%
Cost of goods sold  24.220.616.618.815.415.414.19.5
Gross profit  21.327.725.421.617.117.112.78.4
            Gross margin  46.9%57.4%60.6%53.4%52.6%52.6%47.3%46.9%
Selling, general and administrative  52.044.537.028.719.719.718.817.4
Research and development  9.97.23.62.22.12.11.61.4
Other operating expenses        -0.10.0
EBITDA   [+]-39.0-23.1-14.6-8.7-4.1-4.7-7.2-9.5
            EBITDA margin  -85.6%-47.9%-34.9%-21.6%-12.8%-14.6%-26.7%-53.0%
Depreciation and amortization  1.60.90.50.60.6 0.50.6
EBITA  -40.5-24.1-15.2-9.3-4.7-4.7-7.7-10.1
            EBITA margin  -89.0%-49.8%-36.2%-23.0%-14.6%-14.6%-28.5%-56.3%
Amortization of intangibles      0.10.10.20.3
EBIT   [+]-40.5-24.1-15.2-9.3-4.9-4.9-7.8-10.4
            EBIT margin  -89.0%-49.8%-36.2%-23.0%-15.0%-15.0%-29.2%-57.9%
Non-recurring items   [+]5.5       
Interest expense  2.42.62.63.52.92.92.94.5
Other income (expense), net  1.1-0.21.10.8-0.1-0.2-15.4-4.0
Pre-tax income  -47.4-26.9-16.7-12.0-7.9-8.0-26.2-18.9
Income taxes  0.3-0.20.10.00.10.1-0.50.3
            Tax rate   0.7% 0.2%  2.1% 
Net income  -47.7-26.7-16.8-30.3-18.5-18.5-32.8-21.3
            Net margin  -104.6%-55.2%-39.9%-75.0%-57.0%-57.0%-122.3%-118.7%
   
Basic EPS   [+]($2.79)($1.67)($1.33)($8.46)($293.34)($293.34)($520.18)($1.85)
Diluted EPS   [+]($2.79)($1.67)($1.33)($8.46)($293.34)($293.34)($520.18)($1.85)
   
Shares outstanding (basic)   [+]17.116.012.63.60.10.10.111.5
Shares outstanding (diluted)   [+]17.116.012.63.60.10.10.111.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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