NASDAQ$TWST

Twist Bioscience Corporation · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Twist Bioscience reported record revenue and gross margin improved.

Twist Bioscience reported record revenue of $84.7 million for Q4 2024, a 27% increase compared to the same period last year. The gross margin improved to 45.1%. The company exceeded its guidance for the quarter and year, ending the fiscal year with $313.0 million in revenue and a strong cash position.

  • Total revenues for the fourth quarter of fiscal 2024 grew 27% to $84.7 million compared to $66.9 million for the same period of fiscal 2023.
  • Gross margin for the fourth quarter of fiscal 2024 increased to 45.1% compared to 36.6% for the same period of fiscal 2023.
  • Net loss attributable to common stockholders for the fourth quarter of fiscal 2024 decreased to $34.7 million, or $0.59 per share, compared to $46.2 million, or $0.81 per share, for the same period of fiscal 2023.
  • Total orders received for the fourth quarter of fiscal 2024 grew 24% to $88.2 million compared to $71.1 million for the same period of fiscal 2023.

Headline financials

Total Revenue

$84.7M

Previous: $66.9M+26.5%
EPS (adj)

-$0.59

Previous: -$0.81+27.2%
Capital Expenditures

-$2M

Previous: $2.39M-183.7%
Net Income

-$34.7M

Previous: -$46.2M+25.1%
Operating Income

-$36M

Previous: -$50.1M+28.1%
Gross Profit

$38.2M

Previous: $24.5M+55.9%
R&D Expense

$21.1M

No prior period
Stock-Based Comp

$12.3M

Previous: $11.7M+5.1%

Revenue & EPS history

Twist Bioscience · Revenue · Quarterly

$84.7M

Q4 2024+26.5%vs Q4 2023
Beat estimate in 15 of 15 quarters(100%)
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 Bioscience expects total revenue to be in the range of $367 million to $377 million for the full fiscal year 2025, with a gross margin of approximately 48% for fiscal 2025 and 4QFY25 gross margin of 50%.

Tailwinds

  • Total revenue is expected to be in the range of $367 million to $377 million, growth of 17 to 20 percent year over year
  • SynBio revenue of $142 to $146 million, growth of 15 to 18 percent
  • NGS revenue of $204 to $209 million, growth of 20 to 24 percent
  • Biopharma revenue of $21 to $22 million, growth of 5 to 8 percent
  • Gross margin is projected to be approximately 48% for fiscal 2025 with quarterly sequential improvements and 4QFY25 gross margin of 50%

Headwinds

  • Adjusted EBITDA of approximately $(60) to $(65) million for fiscal 2025
  • Total revenue of approximately $87 million for the first quarter
  • SynBio revenue of approximately $34 million, growth of 26% year over year for the first quarter
  • NGS revenue of approximately $48 million, growth of 22% year over year for the first quarter
  • Adjusted EBITDA of approximately $(20) million with sequential improvements throughout 2025 for the first quarter

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 2024

Historical avgQ4 2024

+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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