AMC
AMCI | Market Cap: $112.5M (07/13/26)
Industry:
Hardware

DESCRIPTION

AMC (AMC Robotics Corporation) sells consumer and small business security cameras under the "YI" brand, including home security cameras, dome cameras, and outdoor cameras. AMC sources all products from suppliers in Asia and does not manufacture anything itself, making it essentially a branded product reseller. AMC sells primarily through Amazon's e-commerce platform across the U.S., Canada, and Europe. AMC has two revenue streams: hardware sales through Amazon, and a revenue-sharing arrangement with Kami, a related party that provides cloud-based services — video storage, image analysis, and alerts — to end users who purchased AMC cameras. AMC does not provide these services itself; it earns a share of Kami's subscription revenue generated from AMC hardware customers. The Kami revenue-share arrangement recently moved to a flat 30% rate and has grown to represent roughly 48% of total revenue, making it AMC's largest single revenue contributor. The business is heavily dependent on related parties for both its supply chain and its largest revenue stream. AMC states ambitions to expand into AI wearables, drones, robots, and IoT devices, but nearly all of these initiatives are in early-stage evaluation with no committed timelines, and the business today is almost entirely its camera sales and Kami revenue-sharing operations.

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