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  "documentTitle": "Twist Bioscience (TWST)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2022-11-15 00:00:00",
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      "text": "Predictably, the company has established a beat-and-raise narrative around its gross margin achievements.",
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      "text": "Nov 22, 2021 press release – provided gross margin guidance of 35-37% for FY2022. May 5, 2022 press release – tightened gross margin to the upper end of the range. Aug 5, 2022 – raised the gross margin guidance to 40%.",
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      "text": "gross margin: 44.8%",
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      "text": "Press releases in the last four quarters indicate that gross margin is becoming even more central and timely than in previous years. Predictably, the company has established a beat-and-raise narrative around its gross margin achievements. It originally guided to a FY2022 gross margin of 35-37%; tightened the guidance in May to 37%, the upper end; raised it in August to 40%. In textbook fashion, Twist then “beat” the 40% projection last quarter, when it delighted the Street with 44.8%.",
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      "text": "We reported record revenue for both the quarter and the fiscal year, as well as a gross margin of more than 40% for the quarter and 39% for the year — Jim Thorburn, CFO of Twist.",
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