Two Million Cosori Air Fryers Recalled

Atekcity Corporation has recalled about two million Cosori air fryers due to the risk of fire and burn hazards.

According to the Consumer Product Safety Commission, a wire connection in the recalled air fryers can overheat, posing fire and burn hazards.

About 2 million air fryers were recalled in the U.S. In addition, about 250,000 were sold in Canada and about 21,000 were sold in Mexico. The company said it has received 205 reports of the air fryers catching fire, burning, melting, overheating, and smoking. These include 10 reports of minor, superficial burn injuries and 23 reports of minor property damage.

The company has asked its customers to immediately stop using the recalled air fryers and contact Cosori to receive their choice of a free replacement air fryer or another Cosori product by registering at recall.cosori.com.

The recalled products were sold at Best Buy, Target, and The Home Depot stores nationwide and online at Amazon.com, Adorama.com, Bedbathandbeyond.com, Cosori.com, eBay.com, Homegoods.com, Kohls.com, Lowes.com, Macys.com, QVC.com, Staples.com, Vesync.com, Walmart.com, Wayfair.com, Wellbots.com, and Woot.com from June 2018 through December 2022 for between $70 and $130.

Intellia Therapeutics Climbs 7% On Clearance Of NDA For NTLA-2002

Intellia Therapeutics, Inc. (NTLA) shares are gaining more than 7 percent on Thursday morning trade after the company announced FDA clearance of an investigational new drug application for NTLA – 2002 for the treatment of type 1 or type 2 hereditary angioedema.

The clinical stage genome editing company said NTLA-2002 is an in vivo CRISPR-based investigational therapy.

Intellia said its Phase 1 study demonstrated deep, dose-dependent reductions in plasma kallikrein and robust reductions in patient HAE attacks.

Currently, shares are at $43.79, up 7.47 percent from the previous close of $40.75 on a volume of 694,173.

Snowflake Stock Slips 14% On Quarterly Results

Shares of Snowflake Inc. (SNOW) are slipping over 14% on Thursday morning after the company reported fourth-quarter results.

SNOW is currently trading at $132.62, down $21.88 or 14.16%, on the NYSE, on a volume of 7.1 million shares, above average volume of 5.2 million. The stock opened its trading at $154.22 after closing Wednesday’s trading at $154.50. The stock has traded between $110.26 and $246.52 in the past 52-week period.

Revenues for the quarter rose to $589.0 million from $383.8 million last year.

Net loss for the fourth quarter was $207.2 million or $0.64 per share, compared to $132.2 million or $0.43 per share last year. Adjusted earnings for the quarter were $0.14 per share, compared to $0.10 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.04 per share.

“Snowflake finished fiscal 2023 with 70% year-over-year product revenue growth, totaling $1.9 billion. Non-GAAP adjusted free cash flow margin for the year was 25%,” said Frank Slootman, Chairman and CEO, Snowflake. “We are operating in a vast and growing market, prioritizing capabilities that support the core mission of the enterprise, and staying on track for our $10 billion product revenue goal in fiscal 2029.”

Looking forward, the company expects product revenues of $568 million to $573 million and about $2.71 billion for first quarter and full year 2024, respectively.

Tecnoglass Gains 9% On Surge In Q4 Profit

Shares of Tecnoglass Inc. (TGLS) are trading up more than 9 percent on Thursday morning trade after the company reported a surge in fourth-quarter net profit to $55.12 million or $1.16 per share from $19.79 million or $0.42 per share last year. Revenue for the quarter increased 44 percent to $716.6 million from $496.8 million in the prior year.

Currently, shares are at $39.68, up 9.16 percent from the previous close of $36.35 on a volume of 392,869.

Silvergate Capital Falls On Delay In Annual Reports

Silvergate Capital Corp. (SI) shares are sliding more than 41 percent on Thursday morning trade after the company said there will be a delay in its annual reports. The company was planning to publish its Annual reports on March 16.

The shares have been on a decline since mid-February.

Currently, shares are at $7.66, down 43.40 percent from the previous close of $13.53 on a volume of 23,877,233.

1.2 Million Candles Sold Exclusively At Walmart Recalled Due To Risk Of Fire, Injury

More than 1.2 million Mainstays three-wick candles, which were exclusively sold at Walmart, have been recalled by Star Soap Star Candle Prayer Candle due to the risk of fire and laceration.

According to the Consumer Product Safety Commission, the candle wicks can burn too close to the side of the container, causing the glass to break, posing fire and laceration hazards.

The company said it has received 12 reports of the candle burning too close to the side of the container and the glass cracking, resulting in one report of a minor cut and multiple reports of damage to nearby items. The firm has received one report of a fire.

The recall involves Mainstays Three-Wicked Candles in round 14-ounce glass jars sold with Halloween and autumn themes. The candles were sold with a metal lid and in seven different names: Jack-O-Lantern, Mystic Fog, Warm Apple Pie, Warm Fall Leaves, Fall Farm House, Pumpkin Spice, and Magic Potion. Mainstays and the candle’s name are printed on the side of the candle. The candles are about 4 inches long by 4 inches wide.

The company has asked customers to immediately stop using the recalled candles and contact Star Soap Star Candle Prayer Candle to receive a full refund.

The candles were sold exclusively at Walmart stores nationwide and online from September 2022 through November 2022 for about $7.