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  "documentTitle": "Twist Bioscience (TWST)",
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  "authorName": "Scorpion Capital",
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      "text": "Comments by Twist’s CFO on recent earnings calls state that the vast majority of the recent capex is for their new, so-called “Factory of the Future” in Wilsonville, Oregon – about $88MM through FY2022, based on our total of figures provided on various calls.",
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      "text": "Earnings call excerpts - Nov 22, 2021; Feb 4, 2022; May 5, 2022; Aug 5, 2022",
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      "text": "CapEx: $88MM",
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      "text": "Comments by Twist’s CFO on recent earnings calls state that the vast majority of the recent capex is for their new, so-called “Factory of the Future” in Wilsonville, Oregon – about $88MM through FY2022, based on our total of figures provided on various calls. On the Aug 5, 2022 call, he stated that Twist had already spent $73MM in capex for the “factory.” His past comments suggest $13MM in capex for the factory in FY2021; $22MM capex in the quarter ended Dec 2021, “mostly associated with our Factory of the Future investments”; $22MM for the Mar 2022 quarter, although SEC filings indicated it was $32MM, far higher than the number in his prepared comments; and $30MM for the June 200 quarter.",
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      "text": "“CapEx for the year was $27 million, including $13 million for Wilsonville, mostly for equipment deposits and facility improvements...Our CapEx for FY '22 is projected to be $80 million to $90 million with approximately $75 million investment in Wilsonville.” — James M. Thorburn, Twist CFO; “CapEx for the quarter was $22 million, mostly associated with our Factory of the Future investments.” — James M. Thorburn, Twist CFO; “CapEx for the quarter was $22 million, mostly associated with our Factory of the Future investment...In terms of CapEx, we're projecting approximately $90 million to $100 million for CapEx. So that should help you frame the cash burn. So if you step back and look at that, it's approximately around about $260 million for the year...I mean, obviously, a good chunk of that is being invested in ramping up R&D for biopharma, reinvesting in the core business. We're investing about $40 million in Data Storage. And obviously, for overall CapEx, the bulk of the CapEx investment, approximately $75 million of the $100 million this year is for the Factory of the Future.” — James M. Thorburn, Twist CFO; “CapEx for the quarter was $40 million including approximately $30 million for the factory of the future. And this now brings a [sic] factory to future CapEx investment to approximately $73 million.” — James M. Thorburn, Twist CFO",
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      "text": "Source: Capital IQ earnings call transcripts",
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