Twist Bioscience Corp
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 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)
| Nine months endedJune 30, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net loss | $(174,071) | $(158,375) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 24,776 | 20,810 |
| Impairment of long-lived assets | 44,930 | 3,620 |
| Non-cash lease expense | 647 | 1,040 |
| Stock-based compensation | 38,578 | 18,531 |
| Change in fair value of acquisition consideration | — | (5,913) |
| Other non-cash adjustments | (185) | (33) |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 11,398 | (2,508) |
| Inventories | 3,578 | 2,949 |
| Prepaid expenses and other current assets | (185) | (1,935) |
| Other non-current assets | 472 | 1,050 |
| Accounts payable | (6,927) | (4,431) |
| Accrued expenses | 4,132 | 1,278 |
| Accrued compensation | 5,932 | 348 |
| Other liabilities | (1,849) | 1,799 |
| Net cash used in operating activities | $(48,774) | $(121,770) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | $(3,074) | $(25,386) |
| Purchases of investments | (30,712) | (58,255) |
| Proceeds from maturity of investments | 32,000 | 136,500 |
| Net cash (used in) provided by investing activities | $(1,786) | $52,859 |
| Cash flows from financing activities | ||
| Proceeds from exercise of stock options | $5,183 | $1,208 |
| Proceeds from issuance of common stock under employee stock purchase plan | 2,047 | 2,536 |
| Repurchases of common stock for income tax withholding | (3,967) | (3,275) |
| Net cash provided by financing activities | $3,263 | $469 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $53 | $21 |
| Net decrease in cash, cash equivalents, and restricted cash | (47,244) | (68,421) |
| Cash, cash equivalents, and restricted cash at beginning of period | 289,281 | 380,259 |
| Cash, cash equivalents, and restricted cash at end of period | $242,037 | $311,838 |
| Supplemental disclosure of cash flow information | ||
| Income taxes paid, net of refunds | $363 | $241 |
| Non-cash investing and financing activities | ||
| Property and equipment additions included in accounts payable and accrued expenses | $226 | $1,686 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | — | 4,215 |
| Issuance of common stock in connection with the business acquisition | — | 5,860 |
| Tenant improvement allowance capitalized in property and equipment | 2,719 | — |
| Conversion of convertible notes | — | 3,711 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.