References
to the “Company,” “our,” “us,” or “we” refer to AMC Robotics Corporation. The following
discussion and analysis of our financial condition and results of operations should be read in conjunction with the accompanying unaudited
condensed consolidated financial statements and related notes included elsewhere in this Quarterly Report on Form 10-Q. The discussion
below contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those anticipated
in these forward-looking statements due to various factors, including those discussed under “Risk Factors” in our Annual
Report on Form 10-K and other filings with the Securities and Exchange Commission.
Overview
Our
Company and our Business Overview
AMC
Robotics Corporation became a publicly traded company upon the completion of its business combination with AlphaVest Acquisition Corp.
on December 9, 2025. The transaction was accounted for as a reverse recapitalization, with AMC Corporation deemed the accounting acquirer.
Accordingly, the historical financial statements of AMC Corporation became those of the combined company.
The
Company primarily distributes intelligent security camera products through e-commerce platforms serving customers in the United States,
Canada, and Europe. In addition to product sales, the Company generates recurring revenue through cloud-based intelligent information
services, artificial intelligence service-sharing arrangements, intelligent information services, and revenue-sharing arrangements with
strategic business partners. During 2026, the Company continued to expand its emphasis on higher-margin service-based revenue while maintaining
a more disciplined approach to inventory management and operating expenses.
Prior
to December 2025, certain e-commerce platform accounts were operated through contractual arrangements with third-party entities, including
Ants, Xiaoyun, and Yishijue. Effective December 1, 2025, the Company terminated the contractual arrangements with Xiaoyun and Yishijue
and deconsolidated those variable interest entities (“VIEs”). Since that time, the Company has conducted its operations without
reliance on VIE structures. Limited transitional transactions associated with certain former VIE marketplace accounts continued during
2026 and were accounted for as related-party transactions.
Recent
Development and Future Objectives