olivLaw · US equity research
AMC Robotics Corporation AMCI
Retail-Home Furniture, Furnishings & Equipment Stores · SIC 5700 · Vertical: Home furniture and electronics stores (SIC 57xx)
AMC Robotics sells smart security cameras mainly through e-commerce platforms and is shifting toward autonomous robotics and higher-margin AI services. Sales fell sharply in 2025 while gross margin rose, and the company is preparing the commercial launch of its NovaArm platform in the second half of 2026. Total revenue for fiscal 2025 was 5980847 USD, and gross margin in the second quarter of 2026 reached 80%.
At the close of 04 Nov 2026, AMC Robotics Corporation (AMCI) stock was 1.59 USD (−18.93% on the day), with market capitalisation 35.8 m USD, beta 0.64, 52-week range 1.59–14.65 USD. Latest reported quarter (Q2 2026): revenue of 937.2 k USD (−32.9% YoY), net income of -175.7 k USD, diluted EPS -0.01 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 30.2
- weak (30–45)
- Bollinger (20, 2)
- 1.66 – 2.91
- below the lower band · %B -0.06 · band width 54.7%
- SMA 50 / 200
- 2.99 / 5.03
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.32 / -0.32
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −46.6% | −2.0% | −44.6 pp | — |
| 3 months | −67.0% | −2.2% | −64.9 pp | — |
| 6 months | −75.0% | +4.3% | −79.2 pp | — |
| Year to date | −80.0% | +10.6% | −90.5 pp | — |
| 1 year | −74.3% | +10.5% | −84.7 pp | +18.4% |
| 3 years | −85.1% | +73.7% | −158.7 pp | +13.0% |
| 5 years | unavailable | +61.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | 1.8 m | 1.4 m | — | — | 1.2 m | 937.2 k |
| Cost of revenue | — | — | 1.3 m | 1.1 m | — | — | 164.0 k | 186.6 k |
| Gross profit | — | — | 488.3 k | 266.6 k | — | — | 1.0 m | 750.6 k |
| Research & development | — | — | 14.6 k | 9.3 k | — | — | 23.0 k | 3.0 k |
| Operating income | -182.6 k | -2.0 m | -747.8 k | -735.0 k | -2.8 m | 2.7 m | 128.5 k | -156.5 k |
| Interest expense | — | — | 16.5 k | 8.1 k | — | — | — | — |
| Pre-tax income | — | — | -72.9 k | -227.2 k | — | — | 147.7 k | -177.4 k |
| Income tax | — | — | 4.3 k | 1.8 k | — | — | 2.1 k | -1.7 k |
| Net income | 502.0 k | -2.0 m | -77.2 k | -228.9 k | -2.7 m | -22.2 m | 145.6 k | -175.7 k |
| Diluted EPS | — | — | 0.00 | -0.01 | — | — | 0.01 | -0.01 |
| Operating cash flow | -6.7 k ≈ | 589.9 k | 204.0 k | 471.2 k ≈ | -675.7 k ≈ | -5.6 m | -391.6 k | -1.1 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | unavailable | unavailable | 10.2 m | 6.0 m |
| Revenue YoY | unavailable | unavailable | unavailable | −41.4% |
| Net income | -42.6 k | 2.9 m | -777.0 k | -24.8 m |
| Net income YoY | unavailable | unavailable | −126.8% | unavailable |
| Diluted EPS | unavailable | unavailable | -0.04 | -1.36 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | -7.6% | -414.9% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 7.0 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 10.3 m USD
- Total assets
- 11.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 13.89x
- ROE
- unavailable
- ROA
- -268.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | — | — | 10.2 m | 6.0 m | SEC (XBRL)· 20 Apr 2026verified |
| Cost of revenue | — | — | 9.5 m | 3.1 m | SEC (XBRL)· 20 Apr 2026verified |
| Gross profit | — | — | 656.0 k | 2.9 m | SEC (XBRL)· 20 Apr 2026verified |
| Research & development | — | — | 255.4 k | 58.1 k | SEC (XBRL)· 20 Apr 2026verified |
| Operating income | -80.8 k | -676.3 k | -2.6 m | -505.2 k | SEC (XBRL)· 20 Apr 2026verified |
| Interest expense | — | — | 7.9 k | 24.6 k | SEC (XBRL)· 20 Apr 2026verified |
| Pre-tax income | — | — | -769.1 k | -24.8 m | SEC (XBRL)· 20 Apr 2026verified |
| Income tax | — | — | 7.8 k | 4.7 k | SEC (XBRL)· 20 Apr 2026verified |
| Net income | -42.6 k | 2.9 m | -777.0 k | -24.8 m | SEC (XBRL)· 20 Apr 2026verified |
| Diluted EPS | — | — | -0.04 | -1.36 | SEC (XBRL)· 20 Apr 2026verified |
| Weighted average diluted shares | — | — | 18.0 m | 18.3 m | SEC (XBRL)· 20 Apr 2026verified |
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 659.0 k | 28.6 k | 358.9 k | 7.0 m | SEC (XBRL)· 20 Apr 2026verified |
| Inventories | — | — | 3.6 m | 1.1 m | SEC (XBRL)· 20 Apr 2026verified |
| Current assets | 741.8 k | 63.1 k | 7.2 m | 11.1 m | SEC (XBRL)· 20 Apr 2026verified |
| Total assets | 71.2 m | 50.9 m | 7.3 m | 11.2 m | SEC (XBRL)· 20 Apr 2026verified |
| Accounts payable | 248.0 k | 213.1 k | 488.3 k | — | SEC (XBRL)· 14 Apr 2025verified |
| Short-term debt | — | — | 822.0 k | — | SEC (XBRL)· 20 Apr 2026verified |
| Current liabilities | 257.9 k | 388.0 k | 9.7 m | 795.8 k | SEC (XBRL)· 19 May 2026verified |
| Total liabilities | 257.9 k | 388.0 k | 9.7 m | 855.4 k | SEC (XBRL)· 19 May 2026verified |
| Equity | 554.5 k † | -1.6 m † | -2.3 m † | 10.3 m † | SEC (XBRL)· 19 May 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | — | -630.5 k | 568.5 k | -5.6 m | SEC (XBRL)· 20 Apr 2026verified |
| Investing cash flow | -70.4 m | 23.1 m | -188.8 k | 15.9 k | SEC (XBRL)· 20 Apr 2026verified |
| Financing cash flow | 71.0 m | -23.1 m | -148.8 k | 12.2 m | SEC (XBRL)· 20 Apr 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 16.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 35.8 m USD
Key indicators
Coverage and freshness
Score by group
17% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -506.4% | 0 (vs peers) | 38% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -7.6x | 0 (on a fixed band) | 38% |
| Current ratio · Balance sheet | 11.4x | 100 (on a fixed band) | 25% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AMC ROBOTICS CORPORATION (AMCI). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 6.0 m USD in 2025; YoY growth -41.4%; net margin -506.4%; ROE -392.8%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 11.4x
What contradicts it
- Net margin: -506.4%
- Interest coverage: -7.6x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Home furniture and electronics stores (SIC 57xx) · same major group (2-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| WSMWilliams-Sonoma, Inc. | 29.9 bn | 26.0 | 55.0% | 14.7% | +1.2% | +41% / +171% |
| BBYBest Buy Co., Inc. | 19.7 bn | 15.6 | 43.1% | 3.0% | +0.4% | +18% / +32% |
| GMEGameStop Corp. | 12.7 bn | 16.6 | 15.8% | 25.2% | −5.1% | +12% / +73% |
| RHRh | 2.7 bn | 25.8 | 280.7% | 3.2% | +8.1% | −8% / −46% |
| ARHSArhaus, Inc. | 1.8 bn | 26.5 | 17.3% | 4.9% | +8.5% | +27% / +41% |
| LOVEThe Lovesac Company | 248.2 m | 14.2 | 8.8% | 2.6% | +2.4% | +20% / −17% |
| HTLMHomesToLife Ltd | 98.7 m | 6.1 | 85.9% | 4.4% | +12.8% | −62% / unavailable |
| AMCIAmc Robotics Corporation | 35.8 m | — | -392.8% | -506.4% | −41.4% | −74% / −85% |
| IZMIczoom Group Inc. | 8.0 m | 7.3 | 7.8% | 0.6% | +5.1% | −26% / −94% |
| HVTHaverty Furniture Companies, Inc | — | — | 7.6% | 2.9% | +5.0% | +23% / −6% |
1- and 3-year price returns: for AMCI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
AMC Robotics sells smart security cameras mainly through e-commerce platforms and is shifting toward autonomous robotics and higher-margin AI services. Sales fell sharply in 2025 while gross margin rose, and the company is preparing the commercial launch of its NovaArm platform in the second half of 2026 13. Total revenue for fiscal 2025 was 5980847 USD 1, and gross margin in the second quarter of 2026 reached 80% 3.
SWOT
Strengths
- The company cut costs substantially and improved gross margin, and liquidity increased after the business combination was completed 12.
- Its range of security products and access to e-commerce channels in several regions provide a base for sales 1.
- The revenue-sharing agreement with Kami brings recurring, high-margin revenue without requiring large inventory 13.
Weaknesses
- Revenue declined considerably in 2025 and in the first half of 2026, and the company has reported net losses over several years 12.
- Dependence on one affiliated partner for a large part of revenue and receivables exposes the company to collection risk 1.
- The company identified several weaknesses in internal control over financial reporting, including the lack of a formal approval process for related party transactions 1.
Opportunities
- The commercial launch of the NovaArm platform and deployment with a first customer could open a new robotics revenue segment 3.
- Expanding AI and cloud services could keep growing high-margin revenue if partners and subscribers remain active 13.
- Partnerships in shopping malls, parking lots, senior care and construction could widen distribution channels 1.
Threats
- Larger competitors with superior financial resources and brand recognition could reduce the company's market share 1.
- Tariffs, supply chain disruptions and rising component costs could affect margins and deliveries 1.
- Regulatory changes on international trade, data protection and related party dealings could add costs 1.
Risks
- Dependence on one affiliated partnerhigh
Revenue and receivables are concentrated at Kami, and the sharing agreement can be terminated on short notice, which could quickly affect revenue 1.
- Net losses and need for fundinghigh
The company has reported significant net losses and may need additional financing, which is not assured 12.
- Internal controlsmedium
Identified weaknesses in internal controls and accounting processes could lead to reporting errors or regulatory investigations 1.
- Component costs and tariffsmedium
Higher hardware prices or tariffs could reduce margins, since hardware costs make up most of the final selling price 1.
- Intense competitionmedium
Competition from companies with far greater resources could lead to price cuts and loss of customers 1.
Investment thesis
What would need to be true (bull case)
- If revenue from AI and cloud services keeps growing, gross margin could stay high and the company could reduce its operating losses 3.
- A commercial launch of NovaArm, with a first deployment customer already identified, could open a new robotics revenue segment 3.
- Liquidity improved after the business combination, which could give the company room to invest in development 2.
What would break the thesis
- Revenue has fallen sharply, and if product sales do not stabilize, the company could remain dependent on one affiliated partner 12.
- Robotics and AI platforms are still in development, and launch delays could push back the revenue the company is counting on 13.
- Internal control weaknesses and recurring losses could raise questions about reporting accuracy and the need for capital 1.
What to watch
- Trend in Kami revenue-sharing income and gross marginQ3 2026
- Commercial launch of NovaArm and start of production in Vietnamsecond half of 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
AMC Robotics Corporation states its mission as making the world safer through high-quality, affordable and accessible vision AI technology 1. It currently sells hardware such as smart cameras, driving recorders and action cameras, and its operations focus on hardware sales without directly providing integrated security products or subscriptions to end users 1. The company became publicly listed in December 2025 through its business combination with AlphaVest Acquisition Corp. 2.
Its main revenue sources are product sales, including through e-commerce platforms and to related parties, and revenue-sharing arrangements with related party Kami, which provides cloud and intelligent information services 1. The company does not manufacture its products directly; they are sourced from related party suppliers in Asia, and software is provided by third-party partners 1. Several new products and platforms, including robotics and wearable devices, remain in early stages and are not yet commercialized 1.
In June 2026 the company announced a leased facility in Vietnam for Phase 1 production of its NovaArm product, with approximately 3.5 million USD planned for buildout and equipment 3. It is also advancing pre-commercial activities with Sunward Logistics USA LLC, its designated first deployment customer 3.
Segments
Robotics and AI platforms
The robotics segment, including the NovaArm platform and the Kyro quadruped robot, is still in development and preparing for launch, with no material revenue yet 3. The company has also made a strategic AI investment, but these initiatives have not yet generated significant revenue 2.
Market context
The company operates in fragmented and competitive markets such as interactive security, video monitoring and intelligent automation, mainly in the United States, Canada and Europe 1. Demand for its products is seasonal, with higher demand in the third and fourth quarters 1. The broader robotics and AI market continues to expand, but this depends on economic conditions and adoption by consumers and businesses 1.
The company relies on hardware sourced from Asia, and component costs represent a large share of the final selling price, exposing margins to tariffs and price swings 1. Revenue is concentrated in one related party customer, Kami, so the company's performance depends heavily on this partner 1.
Trends
- Shift to recurring service revenuetailwind
Revenue from the Kami sharing arrangement and from services has grown as a share of the mix, which reduces working capital needs and could improve margins if these revenues keep growing 2. Concentration on a single affiliated partner limits this transition 1.
- Robotics and artificial intelligencetailwind
Interest in autonomous robotics and in automating inspection and security could support demand for the company's platforms if the commercial launch succeeds 3. These products are still in development and have not been commercialized 1.
- Tariffs and component costsheadwind
Import tariffs and rising prices for components such as lenses, batteries and sensors could reduce margins and disrupt supply 1.
- Exit from affiliated-entity sales channelsmixed
Ending use of Amazon stores operated by affiliated Chinese entities and moving to other platforms could change sales volume and distribution costs 12. The long-term effect remains uncertain.
Competitive position
The company competes with larger security and surveillance providers that have stronger brand recognition, larger customer bases and greater financial resources 1. Competition could lead to price reductions and loss of market share 1.
Competitors include interactive security and video monitoring platforms from companies with long operating histories that may build integrated ecosystems more quickly 1. The company differentiates itself through a focus on narrow niches, low cost and integration with third-party technologies 1.
- Alarm.comALRM
Provider of interactive security and home automation platforms, named as a direct competitor in the company's filing.
- Google NestGOOGL
Home camera and security products, named as a competitor in interactive security.
- Blink by Amazon
Home security cameras within the Amazon ecosystem, a direct competitor on the e-commerce channel.
- Honeywell InternationalHON
Large company with security and surveillance products, named as a competitor in monitoring markets.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report01 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report21 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report18 Sept 2026Material agreement · Creation of a direct financial obligation · Item 3.02 · Financial statements and exhibits
- Current report21 Aug 2026Material agreement · Item 3.02 · Regulation FD disclosure · Financial statements and exhibits
- Current report17 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report14 Aug 2026
- Current report24 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Current report04 Jun 2026Material agreement · Financial statements and exhibits
- Quarterly report19 May 2026
- Annual report20 Apr 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / AMC Robotics Corporation · 20 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / AMC Robotics Corporation · 14 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / AMC Robotics Corporation · 17 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.