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Sep 30, 2024
Twist Bioscience Q4 2024 Earnings Report
Twist Bioscience reported record revenue and gross margin improved.
Key Takeaways
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.
Revenue by Segment
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%.
Positive Outlook
- 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%
Challenges Ahead
- 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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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