AMC Robotics Corp
amcx.aiAMC 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.
Products & 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.
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.
Customers & 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.
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
Financial Snapshot
Loading...
