AMC Robotics Corp

Loss-making China-linked smart-camera reseller with severe governance and going-concern overhang.

Strengths

• Strong liquidity ratios (current 16.1x, 96th pct; quick 14.5x, 96th pct)
• Decent gross margin (47.7%, 57th pct)

Risks

• Deeply negative returns and margins (ROE -2.38/5th, ROA -2.22/6th, net margin -4.15/12th) with a $24.8M net loss
• Four material weaknesses, heavy related-party dependence (Ants/Kami) and Chinese VIE governance red flags
• Funding reliant on related-party borrowings; no assurance of sufficient financing

Notable findings

• Net lossNet loss (net margin -414.9%)
• Material weaknessIn connection with the audits of our consolidated financial statements as of and for the years ended December 31, 2025 and 2024, we and our independent registered public accounting firm identified fou
• Revenue declineRevenue -33.9% YoY