Twist Bioscience Corporation (TWST): Among the Best Genomics Stocks to Buy Right Now
Tuesday, Nov 19, 2024 7:01 pm ET
4min read Twist Bioscience Corporation (TWST) has emerged as a standout performer in the genomics sector, with its innovative synthetic DNA technology driving significant revenue growth. In fiscal 2024, the company reported revenue of $312.97 million, a 27.69% increase from the previous year. This growth can be attributed to the success of its new products and services, including the FlexPrep™ Ultra-High Throughput Library Preparation Kit, which caters to applications in agrigenomics and population genomics. Despite the increased revenue, the company still reported losses of -$208.73 million, up 2.01% from 2023. However, the company's focus on innovation and expansion into new markets positions it well for future growth and profitability.
Twist Bioscience's innovative silicon-based DNA synthesis platform enables rapid and high-quality manufacturing of synthetic DNA. This technology has allowed the company to offer a broad range of synthetic DNA-based products, including synthetic genes and gene fragments, oligo pools, and data storage solutions. The company's commitment to research and development has led to the launch of new products and services, such as its FlexPrep™ ultra-high throughput library preparation kit for applications in agrigenomics and population genomics. These innovations have not only expanded the company's product portfolio but also attracted new customers and markets, contributing to its impressive revenue growth.
Twist Bioscience has formed several strategic partnerships and collaborations to enhance its product portfolio and market reach. In February 2024, Twist announced a collaboration with Element Biosciences to develop exome sequencing solutions for the AVITI system, combining Twist's synthetic DNA technology with Element's sequencing platform. Additionally, Twist has launched a cfDNA library preparation kit for liquid biopsy applications, further expanding its product offerings. In March 2024, Twist launched a Pangenome Spike-in Exome Panel, enabling research for diverse populations. These strategic partnerships and product innovations position Twist Bioscience as one of the best genomics stocks to buy right now.
Twist Bioscience's investment in research and development has significantly enhanced its competitive position in the genomics market. The company has consistently allocated a substantial portion of its revenue to R&D, with R&D expenses as a percentage of revenue averaging around 25% over the past three years. This commitment has enabled Twist Bioscience to develop innovative synthetic DNA-based products and solutions, such as its silicon-based DNA synthesis platform, which offers high-quality synthetic DNA at a lower cost and faster turnaround time than traditional methods. By focusing on R&D, Twist Bioscience has differentiated itself in the market, attracting customers from various industries, including biotech, pharma, and agriculture.
In conclusion, Twist Bioscience Corporation (TWST) is among the best genomics stocks to buy right now, given its impressive revenue growth, innovative product portfolio, strategic partnerships, and commitment to research and development. The company's focus on innovation and expansion into new markets positions it well for future growth and profitability, making it an attractive investment opportunity in the genomics sector.
Twist Bioscience's innovative silicon-based DNA synthesis platform enables rapid and high-quality manufacturing of synthetic DNA. This technology has allowed the company to offer a broad range of synthetic DNA-based products, including synthetic genes and gene fragments, oligo pools, and data storage solutions. The company's commitment to research and development has led to the launch of new products and services, such as its FlexPrep™ ultra-high throughput library preparation kit for applications in agrigenomics and population genomics. These innovations have not only expanded the company's product portfolio but also attracted new customers and markets, contributing to its impressive revenue growth.
Twist Bioscience has formed several strategic partnerships and collaborations to enhance its product portfolio and market reach. In February 2024, Twist announced a collaboration with Element Biosciences to develop exome sequencing solutions for the AVITI system, combining Twist's synthetic DNA technology with Element's sequencing platform. Additionally, Twist has launched a cfDNA library preparation kit for liquid biopsy applications, further expanding its product offerings. In March 2024, Twist launched a Pangenome Spike-in Exome Panel, enabling research for diverse populations. These strategic partnerships and product innovations position Twist Bioscience as one of the best genomics stocks to buy right now.
TWST Total Revenue YoY, Total Revenue
Twist Bioscience's investment in research and development has significantly enhanced its competitive position in the genomics market. The company has consistently allocated a substantial portion of its revenue to R&D, with R&D expenses as a percentage of revenue averaging around 25% over the past three years. This commitment has enabled Twist Bioscience to develop innovative synthetic DNA-based products and solutions, such as its silicon-based DNA synthesis platform, which offers high-quality synthetic DNA at a lower cost and faster turnaround time than traditional methods. By focusing on R&D, Twist Bioscience has differentiated itself in the market, attracting customers from various industries, including biotech, pharma, and agriculture.
In conclusion, Twist Bioscience Corporation (TWST) is among the best genomics stocks to buy right now, given its impressive revenue growth, innovative product portfolio, strategic partnerships, and commitment to research and development. The company's focus on innovation and expansion into new markets positions it well for future growth and profitability, making it an attractive investment opportunity in the genomics sector.
