AMC Robotics Reports First Quarter 2026 Financial Results
Rhea-AI Summary
AMC Robotics (Nasdaq: AMCI) reported Q1 2026 net income of $146K, or $0.01 per share, versus a net loss in Q1 2025. Revenue was $1.2M versus $1.8M prior year, while gross profit rose to $1.0M and gross margin expanded to 86% from 27%.
Q1 2026 operating income was $129K and EBITDA was $147K. Cash and equivalents totaled $6.6M. Operationally, NovaArm entered its first live warehouse deployment with Sunward Logistics, Kyro was showcased at CES and Tokyo Security Show, and the HIVE Digital partnership expanded AI compute infrastructure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Q1 2026 net income of $146K versus net loss in Q1 2025
- Gross margin expanded to 86% from 27% year over year
- Operating income of $129K compared to $748K operating loss prior year
- EBITDA improved to $147K from $(56K) in prior-year period
- Cash and cash equivalents of $6.6M as of March 31, 2026
- NovaArm first live warehouse deployment with Sunward Logistics ahead of targeted Q2 2026 launch
Negative
- Q1 2026 revenue declined to $1.2M from $1.8M in Q1 2025
News Market Reaction – AMCI
On the day this news was published, AMCI declined 3.06%, reflecting a moderate negative market reaction. Argus tracked a peak move of +4.3% during that session. Argus tracked a trough of -3.0% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $3M from the company's valuation, bringing the market cap to $104.16M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 20 | Full-year earnings | Positive | -1.7% | Reported 2025 results with revenue growth, margin expansion and adjusted profitability. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The only recent earnings headline showed a negative next-day move despite improving fundamentals, suggesting a tendency for muted or negative reactions around results.
Over the last six months, AMC Robotics has transitioned from full-year 2025 losses driven by a $25.5 million non-cash warrant adjustment to adjusted profitability, with full-year 2025 adjusted net income of $0.7 million and Adjusted EBITDA of $0.8 million. That earnings release on Apr 20, 2026 followed a PIPE raise of $8.0 million and cash of $7.0 million, while highlighting plans to commercialize NovaArm™ in Q2 2026 and continued Kyro™ progress, yet the stock moved -1.69% afterward.
Historical Comparison
Recent earnings news for AMCI led to an average move of -1.69%, indicating past earnings were followed by modest downside pressure.
Earnings disclosures show a transition from large GAAP losses driven by warrant revaluations to adjusted profitability while moving toward commercialization of NovaArm™ and advancing Kyro™.
Regulatory & Risk Context
Key Terms
ebitda financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Reports Net Income of
NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- AMC Robotics Corporation (Nasdaq: AMCI) (“AMC Robotics” or the “Company”), an AI-driven robotics solutions provider, today reported financial results for the three months ended March 31, 2026.
“This quarter, we made meaningful progress across our robotics platforms. We transitioned NovaArm™ from development into a live warehouse environment through our strategic collaboration with Sunward Logistics, marking an important step toward commercialization,” said Sean Da, Chairman of the Board and Chief Executive Officer of AMC Robotics. “At the same time, we continued to build market awareness for Kyro™, and the interest generated at CES and Tokyo Security Show reinforced our confidence in the platform’s potential. We also strengthened our AI infrastructure through our partnership with HIVE Digital, positioning us to support future development and deployment at scale. As we enter the second quarter, we remain focused on executing toward commercial launch and advancing the long-term growth of our AI robotics ecosystem.”
First Quarter 2026 Operating Highlights
- NovaArm™ Enters First Live Warehouse Deployment: Announced a strategic collaboration with Sunward Logistics USA LLC, designating Sunward as the Company’s first deployment customer and strategic partner for NovaArm™, with structured field testing and operational validation underway in a live warehouse environment ahead of a targeted second quarter 2026 commercial launch.
- Kyro™ Showcased at CES 2026 and Tokyo Security Show 2026: Showcased Kyro™’s autonomous navigation, heat detection, and remote operation capabilities at two major international industry events.
- HIVE Digital Partnership Expands AI Compute Infrastructure: Announced a strategic collaboration with HIVE Digital Technologies Ltd. to leverage HIVE’s scalable GPU AI compute infrastructure to support Kyro™ development, testing, and future AI optimization initiatives.
- Manufacturing Operations Advance Commercial Readiness: Continued scaling Kyro™ production through AMCV Company Limited, the Company’s Vietnam-based manufacturing subsidiary, to support robotics manufacturing, supplier partnerships, and anticipated commercial deployment.
First Quarter 2026 Financial Highlights
- Revenue of
$1.2 million for the three months ended March 31, 2026, compared to$1.8 million in the prior-year period. - Gross profit of
$1.0 million , compared to$0.5 million in the prior-year period, with gross margin expanding to86% versus27% in Q1 2025. - Operating income of
$129 k for Q1 2026, compared to a loss of$748 k in Q1 2025. - Net income of
$146 k, or$0.01 per basic and diluted share, compared to net loss of$77 k in the first quarter 2025. - EBITDA of
$147 k for the three months ended March 31, 2026, compared to$(56 k) in prior-year period. - Cash and cash equivalents of
$6.6 million as of March 31, 2026.
Revenue for the first quarter of 2026 included contributions from the Company’s revenue-sharing collaboration with Kami Vision Incorporated (“Kami”), a related party. The arrangement is conducted on commercially reasonable, arm’s-length terms and reflects the integration of complementary AI and computer vision capabilities across the Company’s robotics and autonomy platform. Management believes the collaboration has supported revenue diversification, expanded market opportunities, and contributed to the continued development of the Company’s AI-driven robotics ecosystem.
About AMC Robotics Corporation
AMC Robotics (NASDAQ:AMCI) is an AI-driven robotics company focused on developing intelligent, scalable hardware and software solutions. The Company's quadruped robotic platform, Kyro™, enables industries to automate inspection, security, and operational tasks through autonomous mobility and AI-powered perception.
For more information, please visit www.amcx.ai.
Investors and Media Contact
Susan Xu
Alliance Advisors IR
E: AMCRoboticsIR@allianceadvisors.com
Non-GAAP Financial Measures
This press release includes the Non-GAAP financial measure EBITDA. EBITDA is defined as net income (loss) before interest, income taxes, depreciation, and amortization. The Company believes EBITDA provide useful supplemental information to investors regarding underlying operating performance. Non-GAAP measures should not be considered in isolation or as substitutes for results prepared in accordance with GAAP, and may not be comparable to similarly titled measures reported by other companies. A reconciliation of the non-GAAP measures to GAAP measures is set forth at the end of this press release.
Cautionary Note Regarding Forward Looking Statements
This press release may contain statements that constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning the Company's possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, and the effects of regulation. These forward-looking statements are based on the Company's management's current expectations, projections, and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the Company's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions, and other important factors include, but are not limited to: (a) challenges in opening operations in new jurisdictions, including but not limited to compliance with local ordinances, obtaining any necessary permits and regulatory oversight; (b) the ability to recognize the anticipated benefits of the new operations; (c) the outcome of any legal proceedings that may be instituted against the Company; (d) the ability to continue to meet the applicable stock exchange listing standards; (e) the effect of the Company's completed business combination with AlphaVest Acquisition Corp ("AlphaVest") on the Company's business relationships, performance, and business generally and the risk that such transaction further disrupts current plans and operations of the Company or its subsidiaries; (f) the ability to recognize the anticipated benefits of the transaction with AlphaVest, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (g) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations); (h) the possibility that AMC Robotics may be adversely affected by other economic, business, and/or competitive factors; (i) AMC Robotics' estimates of expenses and profitability; and (j) other risks and uncertainties indicated under "Risk Factors" contained in AMC Robotics’ Annual Report on Form 10-K for the year ended December 31, 2025 and other documents filed or to be filed with the SEC by AMC Robotics. Copies are available on the SEC's website, www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
The Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve its expectations.
| AMC ROBOTICS CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) | ||||||||
| Three months ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| REVENUES | ||||||||
| Product revenue | $ | 102,018 | $ | 1,221,803 | ||||
| Product revenue - related party | 136,548 | 134 | ||||||
| Revenue share – related party | 946,050 | 570,588 | ||||||
| Total Revenues | 1,184,616 | 1,792,525 | ||||||
| COST OF REVENUES | ||||||||
| E-commerce platform expenses | (16,576 | ) | (355,968 | ) | ||||
| Product cost - related party | (140,802 | ) | (909,624 | ) | ||||
| Delivery and freight cost | (6,273 | ) | (13,178 | ) | ||||
| Inventory impairment losses | (309 | ) | (25,425 | ) | ||||
| Total Cost of Revenues | (163,960 | ) | (1,304,195 | ) | ||||
| Gross Profit | 1,020,656 | 488,330 | ||||||
| OPERATING EXPENSES | ||||||||
| General and administrative expenses | (854,786 | ) | (817,412 | ) | ||||
| Sales and marketing expenses | (14,332 | ) | (404,112 | ) | ||||
| Research and development expenses | (22,999 | ) | (14,559 | ) | ||||
| Total Operating Expenses | (892,117 | ) | (1,236,083 | ) | ||||
| INCOME (LOSS) FROM OPERATIONS | 128,539 | (747,753 | ) | |||||
| OTHER INCOME (EXPENSES) | ||||||||
| Other income - related party | - | 683,898 | ||||||
| Other income (loss), net | (9,490 | ) | 7,185 | |||||
| Interest income | 28,651 | 318 | ||||||
| Interest expense | - | (16,502 | ) | |||||
| Total Other Income , Net | 19,161 | 674,899 | ||||||
| INCOME (LOSS) BEFORE INCOME TAX | 147,700 | (72,854 | ) | |||||
| Income tax expense | (2,099 | ) | (4,323 | ) | ||||
| NET INCOME (LOSS) | $ | 145,601 | $ | (77,177 | ) | |||
| Other comprehensive loss | (487 | ) | (110 | ) | ||||
| TOTAL COMPREHENSIVE INCOME (LOSS) | $ | 145,114 | $ | (77,287 | ) | |||
| NET INCOME (LOSS) PER SHARE: BASIC | 0.01 | (0.00 | ) | |||||
| NET INCOME (LOSS) PER SHARE: DILUTED | $ | 0.01 | $ | (0.00 | ) | |||
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC | 22,596,196 | 18,000,000 | ||||||
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED | 24,810,555 | 18,000,000 | ||||||
| AMC ROBOTICS CORPORATION CONSOLIDATED BALANCE SHEETS | ||||||||
| March 31, | December 31, | |||||||
| 2026 | 2025 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 6,632,619 | $ | 7,004,601 | ||||
| Accounts receivable | 505 | 427 | ||||||
| Accounts receivable - related party | 3,114,877 | 2,065,890 | ||||||
| Inventories, net | 914,678 | 1,069,465 | ||||||
| Prepaid expenses | 270,958 | 355,467 | ||||||
| Other receivable | 107 | - | ||||||
| Other receivable - related party, net | 192,999 | 475,909 | ||||||
| Advance to suppliers | 3,677 | 3,677 | ||||||
| Advance to suppliers – related party | 21,387 | 21,387 | ||||||
| Prepayment - related party (current) | 51,844 | 60,000 | ||||||
| Total current assets | 11,203,651 | 11,056,823 | ||||||
| Right-of-use asset | 88,354 | 101,221 | ||||||
| Other non-current assets | 7,697 | 7,697 | ||||||
| Prepayment - related party | - | 6,845 | ||||||
| TOTAL ASSETS | $ | 11,299,702 | $ | 11,172,586 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable - related party | $ | 1,799 | $ | - | ||||
| Accrued and other liabilities | 672,727 | 701,844 | ||||||
| Tax payable | 6,627 | 6,627 | ||||||
| Other payable - related party | 1,786 | - | ||||||
| Lease liability - current | 58,120 | 57,349 | ||||||
| Warranty liabilities - current | 31,493 | 30,023 | ||||||
| Total current liabilities | 772,552 | 795,843 | ||||||
| Lease liability - noncurrent | 37,931 | 52,753 | ||||||
| Warranty liabilities - noncurrent | 6,839 | 6,810 | ||||||
| TOTAL LIABILITIES | 817,322 | 855,406 | ||||||
| Stockholders’ equity | ||||||||
| Common stock, | 2,260 | 2,260 | ||||||
| Additional paid-in capital | 37,673,115 | 37,653,029 | ||||||
| Accumulated deficits | (27,192,508 | ) | (27,338,109 | ) | ||||
| Accumulated other comprehensive loss | (487 | ) | - | |||||
| Total stockholders’ equity | 10,482,380 | 10,317,180 | ||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 11,299,702 | $ | 11,172,586 | ||||
| AMC ROBOTICS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | ||||||||
| Three months ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net income (loss) | $ | 145,601 | $ | (77,177 | ) | |||
| Adjustments to reconcile net income (loss) to net cash (used in)/provided by operating activities: | ||||||||
| Provision for warranty | 1,499 | 9,426 | ||||||
| Inventory impairment losses | (309 | ) | 25,425 | |||||
| Non-cash lease expenses | 12,867 | - | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (78 | ) | (210,298 | ) | ||||
| Accounts receivable - related party | (1,048,987 | ) | 22,262 | |||||
| Inventories, net | 155,096 | 1,038,114 | ||||||
| Prepaid expenses | 84,509 | 4,206 | ||||||
| Other receivable | (107 | ) | - | |||||
| Other receivable - related party, net | 282,910 | (67,348 | ) | |||||
| Advance to suppliers | - | (6 | ) | |||||
| Prepayment - related party | 15,001 | 15,121 | ||||||
| Accounts payable - related party | 1,799 | (756,323 | ) | |||||
| Accrued and other liabilities | (29,116 | ) | 195,425 | |||||
| Tax payable | - | (53 | ) | |||||
| Other payable - related party | 1,786 | 5,543 | ||||||
| Warranty liabilities | - | (332 | ) | |||||
| Lease liability | (14,051 | ) | - | |||||
| Net cash (used in) / provided by operating activities | $ | (391,580 | ) | $ | 203,985 | |||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Repayment of note receivable - stockholder | - | 15,862 | ||||||
| Issuance of promissory note | - | (321,486 | ) | |||||
| Net cash used in investing activities | $ | - | $ | (305,624 | ) | |||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Proceeds from exercised warrants | 20,085 | - | ||||||
| Net cash provided by financing activities | $ | 20,085 | $ | - | ||||
| Effect of changes of foreign exchange rate on cash and cash equivalent | (487 | ) | 4,286 | |||||
| Net decrease in cash and cash equivalents | (371,982 | ) | (97,353 | ) | ||||
| Cash and cash equivalents - beginning of the period | 7,004,601 | 358,887 | ||||||
| Cash and cash equivalents - end of the period | $ | 6,632,619 | $ | 261,534 | ||||
| Supplemental Cash Flow Disclosures | ||||||||
| Cash paid for interest expenses | $ | - | $ | - | ||||
| Cash paid for income taxes | $ | - | $ | - | ||||
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||||
| Unpaid deferred offering cost | $ | - | $ | 83,571 | ||||
| AMC ROBOTICS CORPORATION RECONCILIATION OF GAAP TO NON-GAAP MEASURES (Unaudited) | ||||||||
| Three months ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| Net income (loss) | 145,601 | (77,177 | ) | |||||
| Add: Income tax expense | 2,099 | 4,323 | ||||||
| Add: Interest expense | - | 16,502 | ||||||
| EBITDA | 147,700 | (56,352 | ) | |||||
