AMC Robotics (AMCI) Registration filing summary

Company overview and business model

• Distributes smart security hardware, including cameras, driving recorders, action cameras and Retina K cameras; sells mainly in the U.S., with sales in Canada, the U.K. and Europe.

• Revenue comes from product sales and revenue shares on Kami cloud, AI and intelligent information services; service partners operate the underlying services.

• Developing IoT, AI alarms, wearables and AI robots; robotics R&D remains early-stage, with no definitive development timeline or commercialization plan.

• Strategy emphasizes recurring service revenue, AI platforms, disciplined inventory and working capital, channel partnerships and selective strategic investments.

Financial performance and metrics

• FY2025 revenue was $5.98 million, down from $10.20 million in FY2024; net loss was $24.93 million versus $776,960, largely due to a $25.55 million non-cash PIPE warrant fair-value loss.

• H1 2026 revenue fell 33% YoY to $2.12 million; gross profit rose 135% to $1.77 million and gross margin increased to 83% from 24%.

• H1 2026 operating loss narrowed to $27,961 from $1.48 million; net loss narrowed to $30,129 from $306,090.

• Cash and cash equivalents were $4.54 million at June 30, 2026, down from $7.00 million at December 31, 2025; H1 operating cash use was $1.48 million.

• Kami represented 52% of FY2025 revenue and 83% of Q2 2026 revenue; four material weaknesses in financial reporting controls were identified for FY2025 and FY2024 audits.

Use of proceeds and capital allocation

• No proceeds arise from selling-stockholder resales; proceeds received from notes and SEPA share sales are expected to fund the robotic manufacturing facility buildout and commissioning, general corporate purposes and working capital.

• First prepaid note advance delivered $1.998 million cash before expenses; a further $1.494 million is conditional on the second note closing. SEPA proceeds may be offset against note balances.

• A $1.0 million investment in Etronium AI Inc. was made through two SAFEs during Q2 2026; no impairment or observable price adjustment was recorded through June 30, 2026.