{"id":86311,"date":"2023-11-19T09:32:53","date_gmt":"2023-11-19T14:32:53","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/twist-bioscience-stock-surges-on-q4-earnings-beat-upbeat-forecast\/"},"modified":"2023-11-19T09:32:55","modified_gmt":"2023-11-19T14:32:55","slug":"twist-bioscience-stock-surges-on-q4-earnings-beat-upbeat-forecast","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=86311","title":{"rendered":"Twist Bioscience stock surges on Q4 earnings beat, upbeat forecast"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

SAN FRANCISCO – Shares of Twist Bioscience (NASDAQ:) Corporation saw an uptick today following the release of their fourth-quarter financial results, which surpassed analyst expectations. The San Francisco-based biotechnology company reported a quarterly operational loss of $46.2 million, or 81 cents per share, coupled with a notable increase in revenue to $66.9 million, compared to the same quarter last year.<\/p>\n

Looking ahead, Twist Bioscience provided a positive outlook for fiscal year 2024. The firm projects revenues to reach between $285 million and $290 million, alongside an anticipated reduction in operational loss by 15% to 18%. This forward-looking guidance signals confidence in the company’s growth trajectory and operational efficiency improvements.<\/p>\n

Investors responded positively to this news, driving up the company’s stock as the market digested the better-than-expected performance and promising revenue forecast for the upcoming year. The financial results and optimistic projections reflect Twist Bioscience’s ongoing efforts to strengthen its market position within the biotech industry.<\/p>\n

InvestingPro Insights<\/h2>\n

Drawing from real-time data provided by InvestingPro, Twist Bioscience Corporation <\/span><\/span> currently has a market capitalization of $1420M USD. Despite a negative P\/E ratio of -6.63, the company has shown promising signs of growth with a 27.83% increase in revenue over the last twelve months as of Q3 2023. However, it’s worth noting that the company’s operating income, adjusted for Q3 2023, stands at a negative $216.83M USD.<\/p>\n

Two InvestingPro Tips that seem particularly relevant here are that Twist Bioscience holds more cash than debt on its balance sheet, a positive sign for investors, but is quickly burning through cash. Moreover, the company has seen a significant return over the last week, which aligns with the recent uptick in share prices following the announcement of their Q4 results.<\/p>\n

For those interested in a deeper analysis, InvestingPro offers an array of additional tips and data points. Currently, InvestingPro is running a special Black Friday sale where subscriptions are available with up to 55% off. This is a great opportunity for investors who want to stay informed and make data-driven decisions.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. SAN FRANCISCO – Shares of Twist Bioscience (NASDAQ:) Corporation saw an uptick today following the release of their fourth-quarter financial results, which surpassed analyst expectations. The San Francisco-based biotechnology company reported a quarterly operational loss of $46.2 million, or 81 cents per share, coupled with a notable increase in revenue to $66.9 million, […]<\/p>\n","protected":false},"author":1,"featured_media":3353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-86311","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nTwist Bioscience stock surges on Q4 earnings beat, upbeat forecast | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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