Twist Bioscience: Fiscal 1Q Earnings Snapshot
SOUTH SAN FRANCISCO, Calif. (AP) _ Twist Bioscience Corp. (TWST) on Thursday reported a loss of $55.6 million in its fiscal first quarter.
The South San Francisco, California-based company said it had a loss of $1.69 per share. Losses, adjusted for non-recurring costs, came to $1 per share.
The maker of synthetic DNA for the biotechnology industry posted revenue of $17.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $16 million.
Twist Bioscience expects full-year revenue in the range of $80 million to $84 million.
Twist Bioscience shares have climbed 48% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.11, an increase of 38% in the last 12 months.