NASDAQ$TWST

Twist Bioscience Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record revenue for both the quarter and the fiscal year and a gross margin of more than 40% for the quarter and 39% for the year.

Twist Bioscience reported financial results for the fourth quarter and full year fiscal 2021, achieving record revenues in fiscal 2021 of $132.3M, a 47% increase over fiscal 2020.

  • Delivered significant revenue growth by diversifying and expanding customer base in synbio and NGS.
  • Had 34 partners, 41 active and 32 completed programs in biopharma as of the end of September 2021.
  • Expects to have the first Twist-discovered antibody in the clinic in 2022, subject to regulatory approval.
  • Signed an agreement to acquire Abveris to augment capabilities by adding animal-based discovery.

Headline financials

Total Revenue

$38M

Previous: $32.4M+17.0%
EPS (adj)

-$0.84

Previous: -$0.54-55.6%
Capital Expenditures

$8.09M

Previous: $2.23M+263.6%
Free Cash Flow

-$42.9M

Previous: -$27.4M-56.4%
Net Income

-$41.2M

Previous: -$24.3M-69.6%
Operating Income

-$39.8M

Previous: -$24M-66.1%
Gross Profit

$15.5M

Previous: $14.9M+4.0%
Cash & Equivalents

$466M

Previous: $93.7M+397.3%
Total Assets

$702M

Previous: $399M+76.0%
Stock-Based Comp

$9.25M

Previous: $5.13M+80.2%

Revenue & EPS history

Twist Bioscience · Revenue · Quarterly

$38M

Q4 2021+17%vs Q4 2020
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Twist Bioscience · $218M total across 2 segments · Q3 2023

  • NGS Applications
    $120M+23.7%
  • DNA Synthesis & Protein
    $98M+22.5%

Forward guidance

Twist expects revenue of $183M to $193M for fiscal 2022.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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