Twist Bioscience Corp
For the period ended Dec 31, 2023. Filed Feb 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 2, 2024
TWST$132.13-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Three months endedDecember 31, | ||
|---|---|---|
| (in thousands) | 2023 | 2022 |
| Cash flows from operating activities | ||
| Net loss | $(43,008) | $(41,824) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 8,171 | 5,292 |
| Non-cash lease expense | 248 | 254 |
| Stock-based compensation | 11,020 | (2,325) |
| Change in fair value of acquisition consideration | — | (4,135) |
| Other non cash adjustments | 64 | 287 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 8,058 | (4,098) |
| Inventories | 1,201 | (5,281) |
| Prepaid expenses and other current assets | (1,116) | (1,177) |
| Other non-current assets | 300 | 499 |
| Accounts payable | (4,205) | 3,282 |
| Accrued expenses | 2,900 | (1,254) |
| Accrued compensation | (5,078) | (3,716) |
| Other liabilities | (1,528) | 126 |
| Net cash used in operating activities | $(22,973) | $(54,070) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | $(1,506) | $(11,824) |
| Purchases of investments | (18,329) | (22,647) |
| Proceeds from maturity of investments | 24,000 | 27,500 |
| Net cash provided by (used in) investing activities | $4,165 | $(6,971) |
| Cash flows from financing activities | ||
| Proceeds from exercise of stock options | $951 | $604 |
| Repurchases of common stock for income tax withholding | (2,424) | (999) |
| Net cash used in financing activities | $(1,473) | $(395) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $116 | $268 |
| Net decrease in cash, cash equivalents, and restricted cash | (20,165) | (61,168) |
| Cash, cash equivalents, and restricted cash at beginning of period | 289,281 | 380,259 |
| Cash, cash equivalents, and restricted cash at end of period | $269,116 | $319,091 |
| Supplemental disclosure of cash flow information | ||
| Income taxes paid, net of refunds | 40 | 52 |
| Non-cash investing and financing activities | ||
| Property and equipment additions included in accounts payable and accrued expenses | $487 | $4,520 |
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