The one-time $25.5 million non-cash loss on warrant liabilities distorts GAAP results, but underlying operations are improving with positive adjusted earnings. Monitor commercialization progress of NovaArm™ and Kyro™ in 2026 as key catalysts for revenue growth. The $7.0 million cash balance provides runway, but future dilution risk remains if additional capital is needed.
Price Chart
Executive Summary
AMC Robotics (AMCI) reported full-year 2025 results with $6.0 million in revenue and a 48% gross margin, but a GAAP net loss of $24.8 million driven by a one-time, non-cash $25.5 million charge from the change in fair value of PIPE warrants. Excluding this item, the company achieved Adjusted Net Income of $0.7 million and Adjusted EBITDA of $0.8 million. The company completed its SPAC merger, raised $8.0 million in PIPE financing, and is advancing commercialization of its NovaArm™ and Kyro™ robotics platforms.
Key Financial Metrics
Key Facts
- Reported total revenue of $6.0 million for fiscal year 2025
- GAAP net loss of $24.8 million, primarily due to a one-time $25.5 million non-cash loss from change in fair value of PIPE warrant liabilities
- Adjusted Net Income of $0.7 million and Adjusted EBITDA of $0.8 million, excluding the warrant charge
- Completed business combination with AlphaVest Acquisition Corp and began Nasdaq trading in December 2025
- Raised $8.0 million through PIPE financing to fund robotics commercialization and international expansion
- Cash and cash equivalents of $7.0 million as of December 31, 2025
- All PIPE warrants reclassified as permanent equity as of December 31, 2025, eliminating future warrant liability charges
Financial Impact
Revenue of $6.0 million, gross margin of 48%, and non-recurring $25.5 million non-cash loss on warrant liabilities. Adjusted profitability achieved with $0.7 million net income.
Risk Factors
- High reliance on forward-looking statements about robotics commercialization, which may not materialize
- History of related-party transactions and complex financial restructuring raises transparency concerns
- Nasdaq listing sustainability depends on continued compliance with exchange requirements post-SPAC
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3277547 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | S-1 | $1.94 | awaiting T+20 | — | $1.97 (−1.42%) |
Oct 1, 2026 26d ago | 8-K | $3.19 | awaiting T+20 | — | $1.97 (−38.32%) |
Sep 21, 2026 5w ago | 8-K | $3.32 $2.34 | ▼ −29.52% | ▼ −28.61% | $1.97 (−40.73%) |
Sep 18, 2026 5w ago | 8-K | $3.35 $2.47 | ▲ +26.27% | ▲ +26.47% | $1.97 (+41.27%) |
Aug 21, 2026 9w ago | 8-K | $6.50 $3.32 | ▲ +48.92% | ▲ +48.40% | $1.97 (+69.73%) |
Aug 17, 2026 10w ago | 8-K | $5.38 $3.11 | ▼ −42.19% | ▼ −40.22% | $1.97 (−63.43%) |
Aug 17, 2026 10w ago | Press Release | $5.38 $3.11 | ▼ −42.19% | ▼ −40.22% | $1.97 (−63.43%) |
Jul 17, 2026 14w ago | EFFECT | $5.05 $4.76 | ▼ −5.74% | ▼ −10.19% | $1.97 (−61.04%) |
Jun 4, 2026 20w ago | 8-K | $5.21 $4.89 | ▼ −6.14% | ▼ −4.77% | $1.97 (−62.23%) |
May 18, 2026 23w ago | Press Release | $4.43 $4.34 | ▼ −2.03% | ▼ −3.02% | $1.97 (−55.58%) |
US Market Status
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