{ "docId": "019dd923-622c-750b-8b9a-4b91788fc785", "docSlug": "5fadb686cc03", "documentTitle": "Twist Bioscience (TWST)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2022-11-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 202, "pageCount": 236, "prevPage": 201, "nextPage": 203, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 2, "notes": "Uses aggressive language ('money-losing dumpster fire', 'tallest midget in the room') to frame the competitor as a threat to the subject company's moat.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-4b91788fc785/202", "deckHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785#slide-202", "components": [ { "bbox": null, "kind": "callout", "text": "Genscript is also a money-losing dumpster fire, so the announcement doesn’t validate Twist’s space, but merely highlights that Twist is not even the tallest midget in the room.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-0933-75bb-9bf4-d82205d2ae50", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.23 }, "kind": "paragraph", "text": "A former Twist employee indicated that it “even surpasses Twist’s ability to play in that space” and that Genscript’s “manufacturing platform” is “extremely similar to Twist.” Genscript is also a money-losing dumpster fire, so the announcement doesn’t validate Twist’s space, but merely highlights that Twist is not even the tallest midget in the room.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "10b30640-3998-4e98-bc54-9564ba726897", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "paragraph", "text": "About 6 months ago, Genscript – through it’s Custom Array division - released a “silicon DNA chip” that trounces Twist’s oligo synthesis capabilities, with the capacity to manufacture 8.4 million oligos simultaneously vs. Twist’s claim of >1 million.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3aa367ee-c739-4b44-b5d7-88e76e7eaa61", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.5, "x": 0.05, "y": 0.45 }, "kind": "paragraph", "text": "Dec 2017 press release\nGenScript Debuts Industry's Highest Throughput DNA Synthesis Platform for Commercial DNA Digital Data\nEach CMOS DNA chip carries 8.4 million unique oligos", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "903e84b8-bfee-4d41-a471-26479ae7e80e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.9, "x": 0.05, "y": 0.068 }, "kind": "quote", "text": "Ex-Twist employee: GenScript chip “surpasses Twist’s ability”; “extremely similar to Twist”\n“However, recently, I don’t know if you caught the announcement from GenScript with their new semiconductor synthesis platform and their ability to make, I think it’s over 8 million unique oligos, which even surpasses Twist’s ability to play in that space. GeneScript is focusing on synthetic biology. I would argue that’s Twist’s core focus. If you look at all of their products, most of them are synthetic biology driven. GenScript just came out with a semiconductor manufacturing platform that’s extremely similar to Twist, so I wonder about the future uniqueness of their ability to play in both markets, NGS and synthetic biology, in the five-year stretch.”” –Former employee now at a key competitor", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f15ed029-bc61-4ecf-a87d-3593576dcf30", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“However, recently, I don’t know if you caught the announcement from GenScript with their new semiconductor synthesis platform and their ability to make, I think it’s over 8 million unique oligos, which even surpasses Twist’s ability to play in that space. GenScript just came out with a semiconductor manufacturing platform that’s extremely similar to Twist, so I wonder about the future uniqueness of their ability to play in both markets, NGS and synthetic biology, in the five-year stretch.” — Former employee now at a key competitor", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-0933-75bb-9bf4-df45c16318fa", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.7, "x": 0.05, "y": 0.96 }, "kind": "source-note", "text": "Source: https://www.prnewswire.com/news-releases/genscript-debuts-industrys-highest-throughput-dna-synthesis-platform-for-commercial-dna-digital-data-301525131.html", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "76e425b9-a4f7-48ec-afee-22e3730eaf03", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "30188720-8895-4576-92a6-263d26f7d121", "evidence": "Uses external press and employee testimony to contradict company claims of unique competitive advantage.", "confidence": 0.85 } ], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }