NASDAQ$TWST
Twist Bioscience Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported strong orders and revenue, building a solid foundation for fiscal 2021.
Twist Bioscience reported a strong first quarter for fiscal year 2021, with total revenues of $28.2 million, compared to $17.2 million for the same period of fiscal 2020. The company's net loss was $32.9 million, or $0.72 per share, compared to $55.6 million, or $1.69 per share, for the first quarter of fiscal 2020. As of December 31, 2020, the company had $587.3 million in cash, cash equivalents and short-term investments.
- Total orders received for the first quarter of fiscal 2021 were $33.6 million, compared to $24.8 million for the same period of fiscal 2020.
- Revenue for the first quarter of fiscal 2021 was $28.2 million, compared to $17.2 million for the same period of fiscal 2020.
- The company launched Clonal-Ready Gene Fragments.
- Twist completed an equity offering of approximately 3.1 million shares of common stock at a price of $110.00 per share raising approximately $324 million in proceeds, net of estimated offering expenses.
Headline financials
Revenue & EPS history
Twist Bioscience · Revenue · Quarterly
$28.2M
Revenue by segment
Twist Bioscience · $218M total across 2 segments · Q3 2023
- NGS Applications$120M+23.7%55.0%
- DNA Synthesis & Protein$98M+22.5%45.0%
Forward guidance
Twist Bioscience provided financial guidance for the full fiscal year 2021, maintaining revenue guidance in the range of $110 million to $118 million.
Tailwinds
- Revenue from Ginkgo Bioworks expected to be in the range of $11 million to $12 million
- Synbio revenue excluding Ginkgo Bioworks is expected to be in the range of $41 million to $44 million
- NGS revenue is estimated to be in the range of $54 million to $58 million
- Biopharma revenue is estimated to be approximately $4 million
- Gross margin is expected to be 32% to 34% for fiscal 2021
Headwinds
- Operating expenses including R&D and SG&A are expected to be $182 million for the year
- Net loss expected in the range of $142 million to $147 million to reflect increased investments in commercial organization and research and development activities
- R&D is expected to be approximately $60 million
- Stock-based compensation is expected to be approximately $32 million
- Capital expenditures are expected to be $30 million, including expansion into “Factory of the Future”
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.1%
Avg return
Earnings day
-2.1%
Avg return
5 days after
+0.8%
Avg return
30 days after
47%
14 / 30 earnings
Positive
+29.7%
Q4 2023
Best reaction
-23.2%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -7.3% | -5.9% | +19.6% | |
| Q1 2026 | +13.8% | -5.9% | -10.2% | |
| Q4 2025 | -10.0% | -14.9% | +3.4% | |
| Q2 2025 | -8.5% | -16.9% | -20.8% | |
| Q1 2025 | +0.7% | -0.1% | -19.7% | |
| Q4 2024 | +12.0% | +14.5% | +20.9% | |
| Q3 2024 | -14.6% | -16.0% | -18.5% | |
| Q2 2024 | +28.9% | +34.9% | +31.1% | |
| Q1 2024 | +9.5% | +5.1% | +16.9% | |
| Q4 2023 | +29.7% | +24.9% | +81.5% | |
| Q3 2023 | +14.9% | +9.3% | +14.0% | |
| Q2 2023 | +3.6% | +2.1% | +26.0% | |
| Q1 2023 | -23.2% | -15.2% | -37.1% | |
| Q4 2022 | +0.8% | +0.5% | -0.6% | |
| Q3 2022 | +20.8% | +12.4% | -17.2% | |
| Q2 2022 | -9.9% | -16.3% | -12.6% | |
| Q1 2022 | -1.0% | +6.0% | -21.0% | |
| Q4 2021 | -12.6% | -14.1% | -22.4% | |
| Q3 2021 | -9.1% | -15.8% | -7.6% | |
| Q2 2021 | +6.2% | -9.4% | -12.4% | |
| Q1 2021 | -16.8% | -5.5% | -38.1% | |
| Q4 2020 | -9.9% | -0.8% | +44.3% | |
| Q3 2020 | -7.2% | -16.3% | -4.8% | |
| Q2 2020 | +5.1% | +4.6% | +0.7% | |
| Q1 2020 | +21.3% | +14.0% | +31.4% | |
| Q4 2019 | +4.6% | +5.8% | -15.5% | |
| Q3 2019 | -11.2% | -11.8% | -13.9% | |
| Q2 2019 | -9.9% | -9.7% | -3.9% | |
| Q1 2019 | -9.2% | -11.8% | -6.9% | |
| Q4 2018 | -9.2% | -9.4% | +18.6% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2017 | — | — | — |
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