AMC Robotics Reports Q1 2026 Financial Results with Revenue Decline and Profitability Improvement

AMC Robotics Corporation, formerly known as AlphaVest Acquisition Corp., reported its financial results for the first quarter of 2026, revealing a significant shift in its revenue composition and profitability. The company generated total revenues of $1.18 million for the three months ended March 31, 2026, a decrease of 34% from $1.79 million in the same period of 2025. This decline was primarily driven by a substantial reduction in product sales, which fell by 92% to $102,018, while revenue from related-party arrangements increased significantly, contributing $946,050 to total revenues.

Despite the drop in revenue, AMC Robotics achieved a gross profit of $1.02 million, up 109% from $488,330 in the prior year, resulting in a gross margin improvement from approximately 27% to 86%. The decrease in cost of revenue, which fell by 87% to $163,960, was attributed to improved cost management and a strategic pivot towards higher-margin revenue-sharing arrangements. Operating expenses also decreased by 28% to $892,117, largely due to a significant reduction in sales and marketing expenses, which dropped by 96% to $14,332.

The company reported a net income of $145,601 for the quarter, a notable turnaround from a net loss of $77,177 in the same period last year. This improvement reflects enhanced operational efficiency and a focus on profitability. The company’s cash and cash equivalents stood at $6.63 million as of March 31, 2026, down from $7.00 million at the end of 2025, primarily due to operating cash outflows. However, this figure represents a significant increase compared to $261,534 a year earlier, bolstered by proceeds from the business combination and PIPE financing completed in December 2025.

Strategically, AMC Robotics has shifted its focus from traditional product sales to revenue-sharing models, particularly with its related party, Kami Vision Incorporated. This transition is expected to support long-term growth and improve margins, although the company acknowledges that the timing and extent of these improvements are subject to market conditions. Additionally, the establishment of a new subsidiary in Vietnam aims to enhance manufacturing capabilities, although it has not yet generated material revenue.

Looking ahead, AMC Robotics plans to continue its strategy of developing and deploying autonomous robotic systems and intelligent security solutions. Management remains optimistic about the company's ability to sustain profitability and effectively manage working capital, while also exploring opportunities for further growth through innovative product offerings and strategic partnerships.