Twist Biosciences is a company that manufactures synthetic DNA. I've been holding their stock and keeping tabs on them for a while now. (Here
are previous memos
was down 20%, so I thought I'd post this update from Ark Invest's weekly commentary:
"Twist Bioscience (TWST) fell approximately 17%
on Friday after reporting
fiscal first quarter results that outperformed analysts’ expectations on both the top and bottom lines but leaving 2021 revenue guidance unchanged. Moreover, its new manufacturing facility in Oregon could prevent gross margin expansion in 2021.
Our confidence in Twist remains unchanged for multiple reasons. The company's investments in capacity should contribute to margin expansion over the long-term, galvanized by secular growth in the synthetic biology and liquid biopsy markets. In addition, we believe Twist's data-driven approach to target enrichment for next-generation sequencing (NGS) is best-in-class, especially for more esoteric biomarkers such as DNA methylation which are difficult to detect in liquid biopsies."