Twist Bioscience Corporation

TWST

TWSTTwist Bioscience Corporation US flag

NASDAQ Global Select

72.33

USD

+2.18

- -

4.50BMarket Cap

Income Statement (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	2	11	25	54	90	132	204	245	313	377
+ Sales & Services Revenue	2	11	25	54	90	132	204	245	313	377
- Cost of Revenue	9	24	32	47	61	81	119	155	180	186
+ Cost of Goods & Services	9	24	32	47	61	81	119	155	180	186
Gross Profit	-7	-13	-7	7	29	52	84	90	133	191
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	37	45	64	116	146	205	333	297	309	327
+ Selling, General & Admin	18	26	43	80	103	136	213	190	218	247
+ Research & Development	18	19	20	36	43	69	120	107	91	80
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-44	-58	-71	-109	-118	-153	-249	-207	-176	-136
- Non-Operating (Income) Loss	- -	1	- -	-1	22	1	-21	-3	32	-59
+ Interest Expense, Net	1	- -	- -	-2	-1	- -	-3	-14	-15	-11
+ Interest Expense	1	1	1	1	1	- -	- -	- -	- -	- -
- Interest Income	- -	- -	1	3	1	- -	3	14	15	11
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	23	1	-18	11	48	-48
Pretax Income	-44	-59	-71	-107	-140	-154	-228	-203	-208	-77
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	-2	-10	1	1	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-44	-59	-71	-108	-140	-152	-218	-205	-209	-78
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-44	-59	-71	-108	-140	-152	-218	-205	-209	-78
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-44	-59	-71	-108	-140	-152	-218	-205	-209	-78
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-44	-59	-71	-108	-140	-152	-218	-205	-209	-78
EBIT	-44	-58	-71	-109	-118	-153	-249	-207	-176	-136
EBITDA	-39	-53	-65	-103	-111	-144	-233	-178	-144	-111
EBITDA Margin (%)	-1,737.64	-496.53	-254.97	-188.91	-123.09	-108.45	-114.22	-72.45	-46.16	-29.58
EBITA	-44	-58	-71	-109	-118	-153	-249	-207	-176	-136
Gross Margin (%)	-315.2	-123.09	-26.59	12.8	31.85	39.08	41.38	36.61	42.61	50.72
Operating Margin (%)	-1,924.02	-543.16	-277.5	-200.15	-130.5	-115.81	-122.33	-84.41	-56.2	-36.18
Profit Margin (%)	-1,943.06	-550.85	-280.16	-197.98	-155.31	-114.94	-107.02	-83.48	-66.69	-20.63
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	4	5	6	6	7	10	17	29	31	25
Basic Weighted Avg Shares	19	19	27	27	39	48	54	57	58	60
Basic EPS, GAAP	-2.35	-3.16	-2.68	-3.92	-3.57	-3.15	-4.04	-3.6	-3.6	-1.3
Basic EPS from Cont Ops	-2.35	-3.16	-2.68	-3.92	-3.57	-3.15	-4.04	-3.6	-3.6	-1.3
Diluted Weighted Avg Shares	19	19	27	27	39	48	54	57	58	60
Diluted EPS, GAAP	-2.35	-3.16	-2.68	-3.92	-3.57	-3.15	-4.04	-3.6	-3.6	-1.3
Diluted EPS from Cont Ops	-2.35	-3.16	-2.68	-3.92	-3.57	-3.15	-4.04	-3.6	-3.6	-1.3

Balance Sheet (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	59	68	96	160	335	546	596	424	347	333
+ Cash, Cash Equivalents & STI	56	62	81	138	290	478	505	336	276	232
+ Cash & Cash Equivalents	29	31	81	47	94	466	379	286	226	183
+ ST Investments	27	31	- -	91	196	12	126	50	50	49
+ Accounts & Notes Receiv	1	2	5	12	26	29	40	44	35	57
+ Accounts Receivable, Net	1	2	5	11	26	27	40	44	35	57
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	1	1	2	- -	- -	- -	- -
+ Inventories	1	2	6	7	12	32	39	32	24	28
+ Raw Materials	1	1	3	5	9	19	29	27	17	20
+ Work In Process	- -	- -	2	1	2	5	3	1	2	2
+ Finished Goods	- -	- -	1	1	1	8	8	4	5	6
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	3	3	6	8	12	12	11	15
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	17	18	20	27	64	156	365	352	268	309
+ Property, Plant & Equip, Net	15	15	12	21	59	106	214	203	161	152
+ Property, Plant & Equip	22	27	30	44	89	141	246	254	237	247
- Accumulated Depreciation	7	12	17	23	29	35	32	51	76	95
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	2	54
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	2	54
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	3	3	8	6	5	50	151	149	105	103
+ Total Intangible Assets	2	2	2	2	1	41	146	140	100	96
+ Goodwill	1	1	1	1	1	22	86	86	86	82
+ Other Intangible Assets	1	1	1	1	- -	18	60	54	14	13
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	6	4	3	9	5	8	4	7
Total Assets	76	86	116	187	399	702	961	776	614	642
+ Payables & Accruals	7	8	10	16	24	24	34	29	19	39
+ Accounts Payable	2	3	8	10	5	15	20	14	2	11
+ Accrued Taxes	- -	- -	- -	- -	1	2	4	4	3	5
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	5	6	2	6	18	6	10	11	15	23
+ ST Debt	1	- -	2	3	10	10	14	15	15	14
+ ST Borrowings	1	- -	2	3	3	2	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	6	8	14	15	15	14
+ Other ST Liabilities	- -	1	6	11	3	30	43	29	37	39
+ Deferred Revenue	- -	- -	- -	- -	- -	1	3	3	2	7
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	1	6	11	3	28	40	26	35	32
Total Current Liabilities	9	9	19	30	36	63	91	73	71	91
+ LT Debt	10	9	7	4	26	53	81	79	70	62
+ LT Borrowings	10	9	7	4	1	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	25	53	81	79	70	62
+ Other LT Liabilities	135	200	291	- -	- -	5	- -	- -	- -	16
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	15
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	135	200	291	- -	- -	5	- -	- -	- -	1
Total Noncurrent Liabilities	144	210	299	5	27	58	81	80	71	77
Total Liabilities	153	219	317	35	63	121	172	153	142	169
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4	6	9	470	795	1,191	1,620	1,657	1,715	1,793
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	4	6	9	470	795	1,191	1,620	1,657	1,715	1,793
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-80	-140	-211	-319	-458	-611	-828	-1,033	-1,242	-1,320
+ Other Equity	- -	- -	- -	- -	- -	1	-2	-1	-1	-1
Equity Before Minority Interest	-77	-133	-201	152	336	581	789	623	473	473
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	-77	-133	-201	152	336	581	789	623	473	473
Total Liabilities & Equity	76	86	116	187	399	702	961	776	614	642
Shares Outstanding	27	27	28	33	45	49	57	58	59	61
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	31	61	95	94	85	76
Net Debt	-17	-22	-71	-39	-89	-464	-379	-286	-226	-183
Net Debt to Equity	22.73	16.55	35.27	-25.65	-26.45	-79.93	-47.97	-45.95	-47.88	-38.7
Tangible Common Equity Ratio	-106.32	-161.98	-178.4	81.16	84.24	81.66	78.92	75.95	72.45	69.08
Current Ratio	6.8	7.16	5.16	5.28	9.29	8.67	6.58	5.79	4.88	3.64
Cash Conversion Cycle	- -	33.94	47.57	42.09	92.88	136.02	118.33	104.57	86.41	83.83

Cash Flow Statement (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-44	-59	-71	-108	-140	-152	-218	-205	-209	-78
+ Depreciation & Amortization	4	5	6	6	7	10	17	29	31	25
+ Non-Cash Items	1	3	4	11	16	39	82	34	98	18
+ Stock-Based Compensation	1	2	3	11	17	37	80	30	51	64
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	7	45	- -
+ Other Non-Cash Adj	- -	1	1	-1	-1	2	3	-3	2	-47
+ Chg in Non-Cash Work Cap	- -	- -	-4	3	-25	-9	-5	-1	15	-13
+ (Inc) Dec in Accts Receiv	-1	-2	-3	-7	-14	-2	-10	-4	8	-22
+ (Inc) Dec in Inventories	-1	-1	-4	-1	-5	-19	-8	7	8	-4
+ (Inc) Dec in Prepaid Assets	- -	- -	-2	1	-4	-2	-3	-4	- -	-4
+ Inc (Dec) in Accts Payable	2	2	6	13	-4	19	15	-1	- -	13
+ Inc (Dec) in Other	- -	- -	-1	-2	1	-5	- -	1	-2	5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-39	-51	-66	-88	-142	-112	-124	-142	-64	-48
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-6	-7	-4	-15	-10	-27	-102	-28	-5	-28
+ Acq of Fixed Prod Assets	-6	-7	-4	-15	-10	-27	-102	-28	-5	-28
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	156	293	313	262	-4	-4	- -
+ Increase in Capital Stock	- -	- -	- -	156	296	324	270	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	-2	-11	-8	-4	-4	- -
+ Net Change in LT Investment	-27	-4	31	-90	-105	184	-117	78	2	1
+ Dec in LT Investment	- -	37	34	88	98	242	100	155	54	50
+ Inc in LT Investment	-27	-41	-4	-178	-203	-59	-218	-76	-52	-49
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	-14	- -	- -	2
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	-14	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-33	-10	27	-105	-115	156	-233	51	-3	-25
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	7	-2	- -	-2	-3	-3	-2	- -	- -	- -
+ Cash From Debt	8	2	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	-4	- -	-2	-3	-3	-2	- -	- -	- -
+ Other Financing Activities	62	66	89	5	14	20	10	5	11	29
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	70	64	89	159	304	329	271	1	7	29
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-2	3	50	-34	47	373	-87	-91	-60	-44
EBITDA	-39	-53	-65	-103	-111	-144	-233	-178	-144	-111
EBITDA Margin (%)	-1,737.64	-496.53	-254.97	-188.91	-123.09	-108.45	-114.22	-72.45	-46.16	-29.58
Free Cash Flow	-45	-58	-70	-103	-152	-139	-226	-170	-69	-76
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	14	- -	- -	-2
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-60	-70	-105	-155	-143	-228	-170	-69	-76
Free Cash Flow per Basic Share	-2.39	-3.08	-2.63	-3.74	-3.88	-2.89	-4.2	-2.99	-1.19	-1.26
Price/Free Cash Flow	- -	- -	- -	-8.96	-22.49	-60.59	-84.29	-10.05	-44.41	-85.76
Cash Flow to Net Income	0.88	0.86	0.93	0.82	1.02	0.74	0.57	0.7	0.31	0.61
Capital Expenditures	-6	-7	-4	-15	-10	-27	-102	-28	-5	-28