AMC Robotics Corp (NASDAQ: AMCI) is a vision AI hardware company that sells smart cameras and related devices for residential and commercial use. Revenue comes primarily from hardware product sales, with hardware costs accounting for 78% of the final sale price in FY2025, down from 81% in FY2024. The company also earns a share of cloud service subscription fees through a revenue-sharing arrangement with Kami, receiving 30% of annual subscription revenue per end user as of July 1, 2025. AMC completed a business combination with AlphaVest Acquisition Corp on December 9, 2025, becoming a Delaware corporation listed as AMCI. The company sells products under the 'YI' brand and is in early-stage development of IoT devices, AI robotics, and wearable devices, none of which had been commercialized as of the filing date. As of December 31, 2025, lease liabilities totaled approximately $110,000, indicating a minimal fixed-asset base. The company disclosed material weaknesses in internal controls over financial reporting as of the April 20, 2026 filing date.

Revenue model

Transactional hardware sales are the primary revenue source, with hardware costs running at 78% of sale price in FY2025. A secondary revenue stream comes from a Kami cloud subscription revenue-sharing agreement: AMC receives 30% of annual subscription fees per end user from July 1, 2025 onward. Related-party income of $1,217,586 was recorded in FY2025, down from $1,779,528 in FY2024. The company does not currently offer direct subscription services to end users.

Products and services

Smart cameras, driving recorders, action cameras, and Retina K cameras sold under the 'YI' brand for residential and commercial markets. IoT-enabled devices, AI-based features, wearable devices, and AI robotics are under early-stage development and not yet commercialized as of the April 20, 2026 filing date.

Customers and end markets

Residential and commercial end users for smart camera and related vision AI hardware products. The company previously sold through Amazon online stores operated via VIEs; in December 2025, AMC determined transaction volume through those stores was insufficient and transitioned to its own or other third-party platforms.

Value-chain role

Hardware product designer and seller. The company sources components including lenses, lithium batteries, infrared sensors, and integrated chips from third-party vendors. It does not manufacture internally. Software and platform capabilities remain in early assessment stages as of the filing date.

Geographic exposure

Operations are primarily China-based through predecessor VIE entities Xiaoyun and Yishijue, which transferred Amazon store assets to AMC in August 2024 for an aggregate payment of RMB 30,000 each. Post-transfer, AMC is incorporated in Delaware. No specific country-level revenue breakdown is provided in the excerpts.

Source: SEC 10-K, filed 2026-04-20

Industry: Retail-Home Furniture, Furnishings & Equipment Stores