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Exagen downgraded to Hold after Q3 shows slower growth, weaker margins, and rising losses.

Company Fundamentals
13 Nov 2026, 15:11 WIB
Seeking Alpha
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Bearish
Exagen downgraded to Hold after Q3 shows slower growth, weaker margins, and rising losses.

Exagen's Q3 results revealed a 7% year-over-year revenue growth but an 8% sequential decline, with gross margin dropping to 58.8% and operating expenses up 16%. These figures raise concerns about the company's turnaround progress despite new growth initiatives like myositis launch, Pharma Services, and AI software. While these initiatives offer potential, they require time and effective execution to improve profitability, leading to the stock being downgraded to Hold.

Exagen's Q3 results provide context for readers. For those following the health sector, 99 of 150 US stocks rose today on Pluang. Notable movers include SLS at USD 8.97 (+11.71%), FLNA at USD 0.48 (+7.05%, 87% buy orders), and HRTX at USD 0.35 (+5.80%) as of Nov 13, 2026 19:41 WIB.

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