Exagen Inc. develops and commercializes various testing products under the AVISE brand in the United States. The company enables healthcare providers to care for patients through the diagnosis, prognosis, and monitoring of autoimmune and autoimmune-related diseases, including systemic lupus erythematosus (SLE) and rheumatoid arthritis (RA). Its lead testing product is AVISE CTD that enables differential diagnosis for patients presenting with symptoms indicative of various connective tissue diseases (CTDs) and other related diseases with overlapping symptoms. The company offers AVISE Lupus that measures activation of the complement system by quantifying the level of B-cell C4d and erythrocyte bound C4d in the patient’s blood; and AVISE APS, which consists of a panel of autoantibody tests that aids in the diagnosis and management of APS. In addition, it provides AVISE Vasculitis AAV, which utilizes a testing panel of individual analytes to provide physicians with results in the assessment and monitoring of anti-neutrophil cytoplasmic antibody associated vasculitis; AVISE SLE Prognostic, a panel of autoantibodies for assessing the potential for complications affecting the kidney, brain, and cardiovascular system; and AVISE Anti-CarP test, which identifies RA patients with severe disease. Further, the company offers AVISE SLE Monitor, a biomarker blood test; AVISE MTX, a patented and validated blood test; and AVISE HCQ, a blood test to monitor levels of hydroxychloroquine. It has a research collaboration and license agreement with Allegheny Health Network (AHN) Research Institute to develop novel patented biomarkers. The company was formerly known as Exagen Diagnostics, Inc. and changed its name to Exagen Inc. in January 2019. Exagen Inc. was incorporated in 2002 and is headquartered in Vista, California.
Diagnostic Dominance | Exagen's AVISE CTD test drives impressive revenue growth, with Q1 2024 showing a 28% year-over-year increase and improved gross margins approaching 60% |
Strategic Expansion | Explore Exagen's plans to introduce new rheumatoid arthritis markers in Q4 2024, potentially enhancing diagnostic capabilities and market position |
Financial Trajectory | Analysts project positive outlook with price targets ranging from $5 to $7, reflecting confidence in Exagen's growth potential and market opportunities |
Navigating Challenges | Learn how Exagen addresses flat test volumes and competitive pressures while leveraging its strong cash position of $76.4 million to fuel growth initiatives |
Metrics to compare | XGN | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipXGNPeersSector | |
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P/E Ratio | −6.0x | −0.5x | −0.6x | |
PEG Ratio | −0.13 | −0.01 | 0.00 | |
Price/Book | 7.9x | 0.8x | 2.6x | |
Price / LTM Sales | 1.8x | 6.6x | 3.2x | |
Upside (Analyst Target) | −0.2% | 349.4% | 49.4% | |
Fair Value Upside | Unlock | 13.5% | 7.8% | Unlock |