Second Quarter 2026
Filed Aug 17, 2026AMC Robotics Reports Second Quarter 2026 Financial Results Targeting Commercial Launch in H2 2026; Gross Margin Expands to 80% on Shift Toward Higher-Margin AI and Cloud Services
Gross margin expanded to 80% and operating loss narrowed, but total revenue declined, the Company remained loss-making, and six-month operating cash flow was negative.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total RevenuesGAAP | $ 937,177 | – | – |
| Gross ProfitGAAP | $ 750,607 | – | – |
| Gross marginGAAP | 80% | – | – |
| Total Cost of RevenuesGAAP | $ (186,570 ) | – | – |
| General and administrative expensesGAAP | $ (884,349 ) | – | – |
| Sales and marketing expensesGAAP | $ (19,758 ) | – | – |
| Research and development expensesGAAP | $ (3,000 ) | – | – |
| Total Operating ExpensesGAAP | $ (907,107 ) | – | – |
| Loss from operationsGAAP | $ (156,500 ) | – | – |
| Net lossGAAP | $ (175,730 ) | – | – |
| Net loss per share, basicGAAP | $ (0.01 ) | – | – |
| Net loss per share, dilutedGAAP | $ (0.01 ) | – | – |
| Weighted average number of shares outstanding, basicGAAP | 22,600,363 | – | – |
| EBITDAnon-GAAP | $ (177,385 ) | – | – |
| Cash and cash equivalentsGAAP | $ 4,544,353 | – | – |
| Total assetsGAAP | $ 11,227,035 | – | – |
| Total liabilitiesGAAP | $ 920,567 | – | – |
| Net cash (used in) / provided by operating activities, six months ended June 30, 2026GAAP | $ (1,479,664 ) | – | – |
| Net cash used in investing activities, six months ended June 30, 2026GAAP | $ (1,000,000 ) | – | – |
| Net cash provided by (used in) financing activities, six months ended June 30, 2026GAAP | $ 20,085 | – | – |
| Net decrease in cash and cash equivalents, six months ended June 30, 2026GAAP | $ (2,460,248 ) | – | – |
| Long-term investmentGAAP | $ 1,000,000 | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Product revenueThe Company deliberately shifted away from lower-margin product sales. | $ 157,947 | – | – |
| Product revenue - related partyRelated-party product revenue was reported as a separate revenue line item. | $ 5,143 | – | – |
| Revenue share – related partyThe Company cited growth in recurring AI and cloud revenue-sharing arrangements with Kami Vision Incorporated. | $ 774,087 | – | 54% |
Third quarter of 2026 and second half of 2026 outlook
- NoteThe lease for the 6,150-square-meter facility in Bắc Ninh, Vietnam is expected to become effective in the third quarter of 2026.
- NoteInitial NovaArm™ production is targeted for the second half of 2026.
- NoteApproximately $3.5 million is planned for buildout and equipment.
What drove it
- The Company said the revenue decline reflected a deliberate shift away from lower-margin product sales.
- Recurring AI and cloud revenue-sharing arrangements with Kami grew 54%.
- The mix shift toward AI, cloud and service revenue was cited as the driver of gross-margin expansion and operating cost improvements.
- AMCV Company Limited announced an agreement to lease a 6,150-square-meter facility in Bắc Ninh, Vietnam for Phase 1 NovaArm™ production.
- The Company is conducting pre-commercial activities with Sunward Logistics USA LLC, its designated first deployment customer and strategic partner.
Concerns
- Total Revenues were $ 937,177, compared with $ 1,397,275 in the prior-year period.
- The Company reported a net loss of $ (175,730 ) and EBITDA of $ (177,385 ).
- Net cash (used in) / provided by operating activities was $ (1,479,664 ) for the six months ended June 30, 2026.
- The Company plans approximately $3.5 million for manufacturing-facility buildout and equipment.
- Revenue included contributions from the revenue-sharing collaboration with Kami, a related party.
- Accounts receivable - related party were $ 3,251,050 as of June 30, 2026.
What to watch
- Effectiveness of the Vietnam facility lease expected in the third quarter of 2026.
- Initial NovaArm™ production targeted for the second half of 2026.
- Progress of pre-commercial activities with Sunward Logistics USA LLC ahead of the first deployment.
- Execution of the planned approximately $3.5 million facility buildout and equipment program.
- Sustainability of recurring AI and cloud revenue-sharing arrangements with Kami and the 80% gross margin.
Balance sheet and cash flow
- Cash and cash equivalents were $ 4,544,353 as of June 30, 2026, compared with $ 7,004,601 as of December 31, 2025.
- Accounts receivable - related party were $ 3,251,050 as of June 30, 2026, compared with $ 2,065,890 as of December 31, 2025.
- Inventories, net were $ 771,483 as of June 30, 2026, compared with $ 1,069,465 as of December 31, 2025.
- Advance to suppliers – related party was $ 1,077,914 as of June 30, 2026, compared with $ 21,387 as of December 31, 2025.
- The Company invested $1.0 million in Etronium AI Inc. through two SAFEs in April and May 2026.
- Proceeds from exercised warrants were $ 20,085 for the six months ended June 30, 2026.
Analysis
AMC Robotics reported $ 937,177 of second-quarter revenue, compared with $ 1,397,275 in the prior-year period. Management attributed the decline to its deliberate move away from lower-margin product sales. The reported revenue mix was led by $ 774,087 of related-party revenue share, while product revenue was $ 157,947 and related-party product revenue was $ 5,143. The Company said recurring AI and cloud revenue-sharing arrangements with Kami increased 54%.
The mix transition materially improved gross profitability. Gross profit was $ 750,607 versus $ 266,581, and gross margin expanded to 80% from 19%. Total cost of revenues declined to $ (186,570 ) from $ (1,130,694 ). Operating expenses also declined to $ (907,107 ) from $ (1,001,617 ), with sales and marketing expense falling to $ (19,758 ) from $ (208,107 ), although general and administrative expense increased to $ (884,349 ) from $ (784,236 ).
The Company remained unprofitable but reduced its operating loss to $ (156,500 ) from $ (735,036 ). Net loss was $ (175,730 ), or $ (0.01 ) per basic and diluted share, compared with $ (228,913 ), or $ (0.01 ) per share. Non-GAAP EBITDA was $ (177,385 ), compared with $ (219,080 ). No prior-quarter operating results were provided, so the filing does not support a sequential comparison.
Liquidity declined during the first half. Cash and cash equivalents were $ 4,544,353 at June 30, 2026, compared with $ 7,004,601 at December 31, 2025, while net cash used in operating activities was $ (1,479,664 ). Investing cash outflow was $ (1,000,000 ), reflecting the long-term investment in Etronium AI Inc. The Company also disclosed approximately $3.5 million planned for NovaArm™ facility buildout and equipment.
The operational focus is commercialization. The Company expects the Vietnam facility lease to become effective in the third quarter of 2026 and targets initial NovaArm™ production for the second half of 2026. It is advancing pre-commercial work with Sunward Logistics USA LLC. The key execution points are commencement of production, deployment readiness, the durability of high-margin AI and cloud revenue, and the cash impact of manufacturing buildout and related-party working-capital balances.
Management, verbatim
Securing our 6,150-square-meter manufacturing facility in Bắc Ninh is an important step toward launching NovaArm™ in the second half of 2026, while our work with Sunward Logistics continues to prepare the platform for its first deployment.
Sean Da, Chairman of the Board and Chief Executive Officer of AMC Robotics
Our shift toward higher-margin recurring revenue is gaining traction, with AI and cloud revenue from Kami increasing 54% year over year and gross margin reaching 80% in the second quarter.
Sean Da, Chairman of the Board and Chief Executive Officer of AMC Robotics
Not in the filing
stated, not guessed- Prior-quarter revenue, gross profit, gross margin, operating expenses, operating loss, net loss, EPS and EBITDA comparisons were not reported.
- Free cash flow was not reported.
- Dividends and share repurchases were not reported.
- Debt was not reported as a separate debt balance.
- Forward quantitative financial guidance for revenue, gross margin, operating expenses and tax rate was not reported.
- A prior-quarter outlook was not provided.
- Diluted weighted average number of shares outstanding was not reported.
- Percentage changes for product revenue and related-party product revenue were not reported.
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.