Technology

Qudian Inc. Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results

Published

3 days ago

March 20, 2025

XIAMEN, China, March 20, 2025 /PRNewswire/ — Qudian Inc. (“Qudian” or “the Company” or “We”) (NYSE: QD), a consumer-oriented technology company in China, today announced its unaudited financial results for the quarter and full year ended December 31, 2024.

Fourth Quarter 2024 Financial Highlights:

Total revenues were RMB52.2 million (US$7.2 million), compared to RMB63.8 million for the same period of last yearNet loss attributable to Qudian’s shareholders was RMB66.4 million (US$9.1 million), compared to net loss of RMB117.1 million for the same period of last year; net loss per diluted ADS was RMB0.38 (US$0.05) for the fourth quarter of 2024Non-GAAP net loss attributable to Qudian’s shareholders was RMB64.2 million (US$8.8 million), compared to Non-GAAP net loss of RMB116.6 million for the same period of last year. We exclude share-based compensation expenses from our non-GAAP measures. Non-GAAP net loss per diluted ADS was RMB0.37 (US$0.05) for the fourth quarter of 2024

Full Year 2024 Financial Highlights:

Total revenues were RMB216.4 million (US$29.7 million) for 2024, representing an increase of 71.3% from 2023, primarily attributable to the increase in sales income generated from last-mile delivery businessNet income attributable to Qudian’s shareholders was RMB91.7 million (US$12.6 million), compared to RMB39.1 million in 2023; net income per diluted ADS was RMB0.49 (US$0.07) for 2024Non-GAAP net income attributable to Qudian’s shareholders was RMB 94.0 million (US$12.9 million), compared to RMB 44.1 million in 2023; non-GAAP net income per diluted ADS was RMB0.50 (US$0.07) for 2024

The Company’s last-mile delivery business encountered intense competition in the fourth quarter of 2024, which led to a decline in revenue to approximately RMB50.3 million in the fourth quarter of 2024, compared to RMB62.1 million for the same period of last year. It is important to note that while pursuing growth, there is a possibility that we may incur additional operational losses in the future. Moving forward, the Company expects to remain steadfast in its commitment to executing its business transition and simultaneously maintaining prudent cash management to safeguard its balance sheet.

Fourth Quarter Financial Results

Sales income and others decreased by 18.1% to RMB52.2 million (US$7.2 million) from RMB63.8 million for the fourth quarter of 2023, which was primarily due to the decrease in sales income generated from last-mile delivery business as a result of the increased competition in the industry.

Total operating costs and expenses decreased to RMB163.7 million (US$22.4 million) from RMB184.1 million for the fourth quarter of 2023.

Cost of revenues decreased by 39.0% to RMB47.8 million (US$6.6 million) from RMB78.4 million for the fourth quarter of 2023, primarily due to the decrease in service cost related to last-mile delivery business as a result of the decline in delivery order volume.

General and administrative expenses increased by 49.1% to RMB113.6 million (US$15.6 million) from RMB76.2 million for the fourth quarter of 2023, primarily due to the increase in staff compensations.

Research and development expenses decreased by 20.4% to RMB12.8 million (US$1.8 million) from RMB16.1 million for the fourth quarter of 2023, as a result of the decrease in staff head count, which led to a corresponding decrease in staff salaries.

Loss from operations was RMB111.3 million (US$15.2 million), compared to RMB107.2 million for the fourth quarter of 2023.

Loss on derivative instrument was RMB32.6 million (US$4.5 million), compared to loss on derivative instrument of RMB35.5 million for the fourth quarter of 2023, the loss was mainly due to the decrease in quoted price of the underlying equity securities relating to the derivative instruments we held.

Net loss attributable to Qudian’s shareholders was RMB66.4 million (US$9.1 million), compared to net loss attributable to Qudian’s shareholders of RMB117.1 million in the fourth quarter of 2023. Net loss per diluted ADS was RMB0.38 (US$0.05).

Non-GAAP net loss attributable to Qudian’s shareholders was RMB64.2 million (US$8.8 million), compared to Non-GAAP net loss attributable to Qudian’s shareholders of RMB116.6 in the fourth quarter of 2023. Non-GAAP net income per diluted ADS was RMB0.37 (US$0.05).

Full Year 2024 Financial Results

Sales income and others increased by 71.3% to RMB216.4 million (US$29.7 million) from RMB126.3 million for the year of 2023, which was primarily due to the increase in sales income generated from last-mile delivery business.

Total operating costs and expenses increased by 1.8% to RMB524.9 million (US$71.9 million) from RMB515.7 million for 2023.

Cost of revenues increased by 25.5% to RMB201.0 million (US$27.5 million) from RMB160.1 million for 2023, primarily due to the increase in service cost related to last-mile delivery business primarily attributable to the increase in delivery order volume.

General and administrative expenses was RMB276.6 million (US$37.9 million), which remain stable as compared to RMB273.6 million for 2023, primarily attributable to the reduce in professional services fees after the Company completed research and consultation for last-mile delivery business in its early stage and largely offset by increase in staff compensations.

Research and development expenses increased by 22.4% to RMB58.5 million (US$8.0 million) from RMB47.8 million for 2023, primarily due to the increase in staff head count as the Company continues to explore new business opportunities, which led to a corresponding increase in staff salaries.

Loss from operations was RMB308.1 million (US$42.2 million) compared to RMB331.0 million for 2023.

Interest and investment income, net increased by 48.8% to RMB380.1 million (US$52.1 million) from RMB255.3 million for 2023, primarily attributable to the increase of income from investments in the year of 2024.

Gain on derivative instrument was RMB19.5 million (US$2.7 million) from RMB153.8 million for 2023, mainly due to the decrease of realized investment income of derivative instrument in the year of 2024.

Net income attributable to Qudian’s shareholders was RMB91.7 million (US$12.6 million), compared to RMB39.1 million in 2023; net income per diluted ADS was RMB0.49 (US$0.07) for 2024.

Non-GAAP net income attributable to Qudian’s shareholders was RMB 94.0 million (US$12.9 million), compared to RMB 44.1 million in 2023; non-GAAP net income per diluted ADS was RMB0.50 (US$0.07) for 2024.

Cash Flow

As of December 31, 2024, the Company had cash and cash equivalents of RMB4,263.3 million (US$584.1 million) and restricted cash of RMB781.2 million (US$107.0 million). Restricted cash mainly represents security deposits held in designated bank accounts for the guarantee of short-term borrowings. Such restricted cash is not available to fund the general liquidity needs of the Company.

For the fourth quarter of 2024, net cash used in operating activities was RMB121.0 million (US$16.6 million), mainly due to payments for labor-related costs and expenses. Net cash used in investing activities was RMB388.4 million (US$53.2 million), mainly due to purchase of short-term investments. Net cash used in financing activities was RMB146.7 million (US$20.1 million), mainly due to the repurchase of ordinary shares.

For the full year of 2024, net cash used in operating activities was RMB111.0 million (US$15.2 million), mainly due to payments for labor-related costs and expenses. Net cash used in investing activities was RMB2,344.4 million (US$321.2 million), mainly due to purchase of short-term investments and payments of deposit pledged as collateral for derivative instrument. Net cash provided by financing activities was RMB186.8 million (US$25.6 million), mainly due to the proceeds from short-term borrowings and partially offset by the repurchase of ordinary shares.

Last-mile Delivery Business

In response to the surging demand for cross-border e-commerce transactions, the Company has proactively sought innovative logistic services and solutions to meet global consumers’ expectations for swift and top-tier delivery services. In December 2022, the Company launched its last-mile delivery services under the brand name of “Fast Horse.” The business was initially launched on a trial basis and has gradually achieved meaningful scale in Australia during the second quarter of 2023. The Company’s last-mile delivery service is available in Australia and New Zealand. As of the date of this release, the Company’s last-mile delivery service is encountering intense competition and uncertainty.

Update on Share Repurchase

Our Board approved a share repurchase program in March 2024 to purchase up to US$300 million worth of Class A ordinary shares or ADSs in the next 36 months starting from June 13, 2024. From the launch of the share repurchase program on June 13, 2024 to March 16, 2025, the Company has in aggregate purchased 17.8 million ADSs in the open market for a total amount of approximately US$41.2 million (an average price of $2.3 per ADS) pursuant to the share repurchase program.

As of March 16, 2025, the Company had in aggregate purchased 172.1 million ADSs for a total amount of approximately US$735.4 million (an average price of $4.3 per ADS).

About Qudian Inc.

Qudian Inc. (“Qudian”) is a consumer-oriented technology company. The Company historically focused on providing credit solutions to consumers. Qudian is exploring innovative business opportunities to satisfy consumers’ demand by leveraging its technology capabilities.

For more information, please visit http://ir.qudian.com.

Use of Non-GAAP Financial Measures

We use Non-GAAP net income/loss attributable to Qudian’s shareholders, a Non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders helps identify underlying trends in our business by excluding the impact of share-based compensation expenses, which are non-cash charges. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP net income/loss attributable to Qudian’s shareholders is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This Non-GAAP financial measure has limitations as an analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider them in isolation, or as a substitute for net loss /income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP.

We mitigate these limitations by reconciling the Non-GAAP financial measure to the most comparable U.S. GAAP performance measure, all of which should be considered when evaluating our performance.

For more information on this Non-GAAP financial measure, please see the table captioned “Unaudited Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2993 to US$1.00, the noon buying rate in effect on December 31, 2024, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Statement Regarding Preliminary Unaudited Financial Information

The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited financial information.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the expectation of its collection efficiency and delinquency, contain forward-looking statements. Qudian may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Qudian’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Qudian’s goal and strategies; Qudian’s expansion plans; Qudian’s future business development, financial condition and results of operations; Qudian’s expectations regarding demand for, and market acceptance of, its products; Qudian’s expectations regarding keeping and strengthening its relationships with customers, business partners and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Qudian’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Qudian does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Qudian Inc.
Tel: +86-592-596-8208
E-mail: ir@qudian.com

QUDIAN INC.

Unaudited Condensed Consolidated Statements of Operations

Three months ended December 31,

(In thousands except for number

2023

2024

of shares and per-share data)

(Unaudited)

RMB

US$

Revenues:

Sales income and others

63,794

52,236

7,156

Total revenues

63,794

52,236

7,156

Operating cost and expenses:

Cost of revenues

(78,363)

(47,826)

(6,552)

Sales and marketing

(1,167)

(2,586)

(354)

General and administrative

(76,173)

(113,560)

(15,558)

Research and development

(16,103)

(12,816)

(1,756)

Expected credit (loss)/reversal for receivables and other assets

(9,266)

13,346

1,828

Impairment loss from other assets

(3,054)

(229)

(31)

Total operating cost and expenses

(184,126)

(163,671)

(22,423)

Other operating income

13,086

157

Loss from operations

(107,246)

(111,278)

(15,245)

Interest and investment income, net

14,347

7,971

1,092

Loss from equity method investments

(1,778)

(2,102)

(288)

Loss on derivative instruments

(35,480)

(32,648)

(4,473)

Foreign exchange (loss)/gain, net

(1,390)

29,524

4,045

Other income

51,216

7,017

Other expenses

(2,930)

(7,284)

(998)

Net loss before income taxes

(134,393)

(64,601)

(8,850)

Income tax expenses

17,319

(1,760)

(241)

Net loss

(117,074)

(66,361)

(9,091)

Net loss attributable to Qudian Inc.’s shareholders

(117,074)

(66,361)

(9,091)

Loss per share for Class A and Class B ordinary shares:

Basic

(0.57)

(0.38)

(0.05)

Diluted

(0.57)

(0.38)

(0.05)

Loss per ADS (1 Class A ordinary share equals 1
ADSs):

Basic

(0.57)

(0.38)

(0.05)

Diluted

(0.57)

(0.38)

(0.05)

Weighted average number of Class A and Class B
ordinary shares outstanding:

Basic

204,075,368

172,381,467

Diluted

207,646,764

177,303,133

Other comprehensive (loss)/gain:

Foreign currency translation adjustment

(38,011)

60,308

8,262

Total comprehensive loss

(155,085)

(6,053)

(829)

Total comprehensive loss attributable to
Qudian Inc.’s shareholders

(155,085)

(6,053)

(829)

QUDIAN INC.

Unaudited Condensed Consolidated Statements of Operations

Year ended December 31,

(In thousands except for number

2023

2024

of shares and per-share data)

(Unaudited)

RMB

US$

Revenues:

Sales income and others

126,338

216,428

29,651

Total revenues

126,338

216,428

29,651

Operating cost and expenses:

Cost of revenues

(160,114)

(201,023)

(27,540)

Sales and marketing

(3,796)

(5,868)

(804)

General and administrative

(273,589)

(276,565)

(37,889)

Research and development

(47,763)

(58,464)

(8,010)

Expected credit (loss)/reversal for receivables and other assets

(24,654)

18,616

2,550

Impairment loss from other assets

(5,800)

(1,570)

(215)

Total operating cost and expenses

(515,716)

(524,874)

(71,908)

Other operating income

58,368

298

Loss from operations

(331,010)

(308,148)

(42,216)

Interest and investment income, net

255,333

380,062

52,068

Gain/(Loss) from equity method investments

3,207

(4,049)

(555)

Gain on derivative instruments

153,835

19,457

2,666

Foreign exchange (loss)/gain, net

(2,932)

20,658

2,830

Other income

29,005

61,352

8,405

Other expenses

(5,965)

(21,682)

(2,970)

Net income before income taxes

101,473

147,650

20,228

Income tax expenses

(62,340)

(55,919)

(7,661)

Net income

39,133

91,731

12,567

Net income attributable to Qudian Inc.’s shareholders

39,133

91,731

12,567

Earnings per share for Class A and Class B ordinary shares:

Basic

0.18

0.50

0.07

Diluted

0.18

0.49

0.07

Earnings per ADS (1 Class A ordinary share equals 1 ADSs):

Basic

0.18

0.50

0.07

Diluted

0.18

0.49

0.07

Weighted average number of Class A and Class B ordinary
shares outstanding:

Basic

217,281,512

182,859,075

Diluted

222,222,858

187,780,699

Other comprehensive gain:

Foreign currency translation adjustment

21,830

37,882

5,190

Total comprehensive income

60,963

129,613

17,757

Total comprehensive income attributable to Qudian
Inc.’s shareholders

60,963

129,613

17,757

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets

As of December 31,

(In thousands except for number

2023

2024

of shares and per-share data)

(Unaudited)

RMB

US$

ASSETS:

Current assets:

Cash and cash equivalents

7,207,343

4,263,312

584,071

Restricted cash

59,435

781,187

107,022

Time and structured deposit

1,554,121

2,009,019

275,234

Short-term investments

642,894

1,118,547

153,240

Accounts receivables

25,877

34,275

4,696

Other current assets

670,277

1,933,182

264,846

Total current assets

10,159,947

10,139,522

1,389,109

Non-current assets:

Right-of-use assets

164,585

158,007

21,647

Investment in equity method investee

136,804

146,101

20,016

Long-term investments

210,591

78,987

10,821

Property and equipment, net

1,308,338

1,548,120

212,092

Intangible assets

3,093

2,207

302

Other non-current assets

498,838

353,369

48,411

Total non-current assets

2,322,249

2,286,791

313,289

TOTAL ASSETS

12,482,196

12,426,313

1,702,398

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets (Continued)

As of December 31,

(In thousands except for number

2023

2024

of shares and per-share data)

(Unaudited)

RMB

US$

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Short-term borrowings and interest payables

–

720,000

98,640

Short-term lease liabilities

29,938

18,697

2,561

Derivative instruments-liability

312,870

89,895

12,316

Accrued expenses and other current liabilities

299,836

224,164

30,710

Income tax payable

111,842

33,423

4,579

Total current liabilities

754,486

1,086,179

148,806

Non-current liabilities:

Long-term lease liabilities

39,759

48,706

6,673

Total non-current liabilities

39,759

48,706

6,673

Total liabilities

794,245

1,134,885

155,479

Shareholders’ equity:

Class A Ordinary shares

132

Class B Ordinary shares

Treasury shares

(899,628)

(1,419,286)

(194,441)

Additional paid-in capital

4,033,146

4,026,668

551,651

Accumulated other comprehensive loss

(24,130)

13,752

1,884

Retained earnings

8,578,387

8,670,118

1,187,801

Total shareholders’ equity

11,687,951

11,291,428

1,546,919

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

12,482,196

12,426,313

1,702,398

QUDIAN INC.

Unaudited Reconciliation of GAAP And Non-GAAP Results

Three months ended December 31,

2023

2024

(In thousands except for number

(Unaudited)

of shares and per-share data)

RMB

US$

Total net loss attributable to Qudian Inc.’s shareholders

(117,074)

(66,361)

(9,091)

Add: Share-based compensation expenses

500

2,150

295

Non-GAAP net loss attributable to Qudian Inc.’s shareholders

(116,574)

(64,211)

(8,796)

Non-GAAP net loss per share—basic

(0.57)

(0.37)

(0.05)

Non-GAAP net loss per share—diluted

(0.57)

(0.37)

(0.05)

Weighted average shares outstanding—basic

204,075,368

172,381,467

Weighted average shares outstanding—diluted

207,646,764

177,303,133

QUDIAN INC.

Unaudited Reconciliation of GAAP And Non-GAAP Results

Year ended December 31,

2023

2024

(In thousands except for number

(Unaudited)

of shares and per-share data)

RMB

US$

Total net income attributable to Qudian Inc.’s shareholders

39,133

91,731

12,567

Add: Share-based compensation expenses

4,936

2,258

309

Non-GAAP net income attributable to Qudian Inc.’s shareholders

44,069

93,989

12,876

Non-GAAP net income per share—basic

0.20

0.51

0.07

Non-GAAP net income per share—diluted

0.20

0.50

0.07

Weighted average shares outstanding—basic

217,281,512

182,859,075

Weighted average shares outstanding—diluted

222,222,858

187,780,699

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SOURCE Qudian Inc.

Technology

Federal government invests in greener public transit across Quebec

Published

39 minutes ago

March 22, 2025

MONTRÉAL, March 22, 2025 /CNW/ – The federal government is investing over $400 million in 11 infrastructure projects, including three in Montréal, to make public transit greener across Quebec.

First, more than $200.5 million will be used to electrify the St-Laurent ($106.7 million) and Anjou ($93.7 million) transport centers through the acquisition and installation of electrical equipment that will allow the installation of several dozen charging points. In total, 148 charging points will be installed at the St-Laurent transport center, and 132 will be installed at the Anjou transport centre.

An investment of more than $83.2 million will go towards the partial electrification of the Legendre transport centre, allowing the installation of 72 charging positions for buses. This project includes technical studies, the acquisition and commissioning of equipment and infrastructure, as well as the expansion of premises for electrical equipment, the modernization of infrastructure such as the fire protection system and telecommunications rooms, the reinforcement of the building structure, and the connection to the existing generator.

The federal investments announced today will also be used to fund electrification projects at transit authority garages and operations centres across the province, notably in Longueuil, Lévis, Quebec City, Sherbrooke, and Saguenay.

Quotes

“Transitioning to electric public transit buses represents a significant step in curbing greenhouse gas emissions, improving air quality, and helping integrate environmentally friendly technologies in the transportation sector. We will continue working with partners across the country to reduce carbon emissions and advance a more sustainable transportation system.”

The Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities

“Our vision of Canada’s future is one of modern, green cities, adapted to the needs of families and citizens. That’s why our government has made historic investments to make public transit more accessible, reliable and efficient across the country. These new investments will modernize the infrastructure and equipment of electric bus fleets across Quebec, while helping to reduce air pollution.”

The Honourable Steven Guilbeault, Minister of Canadian Culture and Identity, Parks Canada, Quebec Lieutenant, and Member of Parliament for Laurier—Sainte-Marie

Technology

ViewLift Powers New ROOT SPORTS Stream App for Seattle Mariners

Published

6 hours ago

March 22, 2025

Expands Tech Platform’s Roster to 11 Top US Pro Teams

NEW YORK, March 21, 2025 /PRNewswire/ — ViewLift, a global leader in end-to-end streaming technology, today announced the launch of the new ROOT SPORTS Stream app, delivering Seattle Mariners games and ROOT SPORTS programming directly to fans across the Pacific Northwest—with or without a cable or satellite subscription. ViewLift now powers streaming platforms for 11 top-tier US professional sports teams, underscoring its position as the industry’s most trusted digital distribution partner for sports.

Expands ViewLift Platform’s Roster to 11 Top US Pro Teams.

ROOT SPORTS Stream is a direct-to-consumer (DTC) and TV Everywhere streaming solution available now at RootSportsStream.com and on iOS and Android mobile devices, Apple TV, Android TV and Amazon Fire TV. The App (which is priced at $19.99 per month) will be coming soon to Roku, with further device releases planned.

“Our mission is to help leading sports organizations meet their fans where they are—on the devices and platforms they use every day,” said Rick Allen, CEO of ViewLift. “With the launch of ROOT SPORTS Stream, the Mariners are transforming the fan experience in one of the most innovative tech-forward regions of the country. We’re proud to add them to the growing list of pro teams who trust ViewLift to power their direct-to-consumer streaming.”

As ViewLift continues to revolutionize how sports content is consumed, its roster now includes streaming platforms for the NHL, and professional teams across that League and the NBA and MLB, as well as the Professional Fighters League, LIV Golf, World Racing Group, and other sports leagues and teams around the world. The company’s robust cloud-based platform ensures seamless, buffer-free streaming and supports flexible monetization models, real-time analytics, fan personalization, and rapid deployment. Chris Wagner of OTT Advisors assisted ROOT and the Mariners regarding their digital distribution strategy.

The ROOT SPORTS Stream app offers:

Live and on-demand Mariners baseballFull ROOT SPORTS programming lineupCross-device access with a user-friendly interfaceSeamless authentication for existing ROOT SPORTS subscribers

Fans can subscribe now at Mariners.com/stream.

About ViewLift

ViewLift is a full-service OTT streaming technology company, providing end-to-end solutions for live and on-demand video distribution. With proprietary cloud-based technology, ViewLift powers streaming platforms for sports, media, and entertainment brands worldwide. Its services include content management, multi-platform distribution, real-time analytics, and flexible monetization models (AVOD, SVOD, TVOD, and hybrid models). ViewLift enables content owners to maximize audience engagement and revenue through a seamless, scalable streaming experience. In addition to the PFL, ViewLift’s sports clients include the National Hockey League, 11 US top professional sports teams; LIV Golf; three Regional Sports Networks; and the World Racing Group.

For more information about ViewLift, visit www.viewlift.com.

Media contacts:
ViewLift
Mahesh Kumar
marketing@viewlift.com

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SOURCE ViewLift

Technology

ProDentim Alerts Consumers About Misleading Third-Party Resellers and Reinforces Commitment to Product Integrity

Published

9 hours ago

March 22, 2025

BOSTON, March 22, 2025 /PRNewswire/ — The official brand behind ProDentim has issued a public advisory regarding unauthorized third-party resellers misrepresenting the product online. Reports of unverified vendors listing non-official versions of ProDentim across various platforms have surfaced, leading to confusion among consumers.

The official ProDentim brand has been receiving complaints from individuals who unknowingly made purchases from unverified sources, later realizing discrepancies in packaging, labeling, and product details. This has raised concerns about authenticity and product integrity, as the original product was developed only under Bioventra’s portfolio of advanced formulations.

In response to these growing concerns, Bioventra has issued an official statement emphasizing that ProDentim should only be purchased through its official website to ensure quality and authenticity.

Unverified Resellers Causing Widespread Confusion

In recent weeks, multiple ProDentim consumer reports have highlighted the increasing prevalence of unauthorized sellers listing ProDentim outside of the brand’s verified distribution channels. This issue is not unique to ProDentim, as the broader supplement industry has faced similar challenges with third-party vendors presenting themselves as legitimate sources.

The official brand has actively monitored unauthorized listings and is committed to raising awareness about the potential risks associated with purchasing from unknown third-party vendors.

While some unauthorized sellers may present ProDentim as genuine, discrepancies in packaging, ingredients, and descriptions have raised red flags. Some consumers have reported receiving products that appear different from what is shown on official materials, while others have struggled with returns and refund processes due to unclear seller policies.

Customer Complaints Highlight Need for Greater Awareness

Consumer reports received by the official ProDentim brand have included concerns such as:

● Product inconsistencies – Some customers noted that the labeling, logo placement, or product descriptions did not match official representations.

● Ingredient discrepancies – While the core formulation of ProDentim remains proprietary, there have been concerns about whether third-party products match the expected ingredient profile.

● Unclear storage conditions – Customers have questioned whether ProDentim’s third-party resellers handle and store the product correctly, as dietary supplements require specific conditions to maintain quality.

● Limited customer support – Many individuals who purchased ProDentim from non-official sources found that customer service inquiries went unanswered, leaving them unable to address concerns or seek refunds.

A spokesperson for the official ProDentim brand commented:
“We take product integrity seriously and are committed to ensuring that consumers receive only authentic formulations. Unfortunately, unauthorized sellers sometimes misrepresent products, leading to confusion. We encourage customers to remain vigilant when verifying sources.”

The Rise of Unauthorized ProDentim Supplement Sellers

Unauthorized supplement resellers have become a growing issue across various e-commerce platforms, social media marketplaces, and third-party retail websites. Many third-party sellers attempt to capitalize on ProDentim’s demand, sometimes presenting products at unrealistic discounts or listing them in ways that do not align with official brand communications.

This trend has led to several industry-wide concerns, including:

● Unverified product origins – Some sellers source products through unauthorized means, making it difficult for consumers to determine where and how the product was handled before purchase.

● Potential product substitutions – In some cases, third-party vendors list a product under a brand name, ProDentim, for instance, but ship alternative formulations or lookalike substitutes.

● Misleading discount strategies – Some resellers attempt to lure in customers with extremely low prices, which can indicate unverified stock or repackaged items.

While ProDentim’s official brand is actively monitoring unauthorized sales, the company emphasizes that consumers should take proactive steps to avoid misleading listings.

How Consumers Can Identify Official Product Sources

Consumers can take several steps to avoid misleading third-party listings and ensure they are purchasing authentic products. It is important to examine product details carefully, checking for inconsistencies in labeling, packaging, or branding that may indicate a non-official ProDentim version. Pricing should also be reviewed with caution, as significantly lower prices than usual may suggest an unauthorized seller. Verifying the legitimacy of the seller by researching whether they are recognized as an authorized distributor can help prevent confusion. Lastly, consumers are encouraged to confirm product details through official channels to ensure accuracy and authenticity.

Company Response & Consumer Safety Commitment

The official ProDentim Brand has reaffirmed its commitment to consumer safety, product integrity, and transparency. With the increase in unauthorized sales, the company remains focused on educating customers about product authenticity.

“We are committed to making sure that individuals who seek out ProDentim receive the correct formulation as originally designed. By raising awareness about misleading third-party listings, we hope to prevent unnecessary confusion and ensure a positive customer experience,” the spokesperson added.

Additionally, the company is actively monitoring third-party sales channels and taking steps to minimize unauthorized ProDentim product listings that could misrepresent the brand.

Final Advisory for Consumers

With misleading third-party listings continuing to appear across various online marketplaces, consumers are encouraged to be diligent in verifying sources before making a purchase. The official ProDentim brand has issued this advisory to help prevent further confusion and misinformation.

For updates regarding product authenticity and verification measures, consumers can refer to official sources.

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