AMC Robotics Corp

AMCIdata completeness 75%4 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'interestExpense'

The thesis, from the filings

AMC Robotics Corp earns about -123% on equity, but has diluted owners by 702% over 4 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own

Figure	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	—	$10.2M¹	$5.98M¹
Net income	−$42,578²	$2.9M³	−$776,960⁴	−$24.8M⁴
Operating cash flow	—	−$630,475⁵	$568,455⁶	−$5.56M⁶
Capital expenditure	—	—	—	—
Free cash flow (derived)	—	—	—	—
Total debt	—	—	$821,982⁷	—
Cash & equivalents	$659,035⁸	$28,560⁹	$358,887¹⁰	$7M¹⁰
Diluted shares	2.3M	2.3M	18.0M	18.3M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

$5.7

your share of equity

Profit it earned you last year

−$13.57

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on $5.7 of net worth that earned you −$13.57 last year.

iii. Is this a good business?

Moat signal · return on equity

-123% avg · 4y

FY22 -8%FY23 —FY24 —FY25 -238%

It earned an average -123% on equity over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

+702% shares · 4y

Share count is up 702% over 4 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts

10-K · period ending 2024-12-31 · accession 0001493152-26-018144 (RevenueFromContractWithCustomerExcludingAssessedTax)
10-K · period ending 2022-12-31 · accession 0001493152-24-014881 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001641172-25-004572 (NetIncomeLoss)
10-K · period ending 2024-12-31 · accession 0001493152-26-018144 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001641172-25-004572 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-12-31 · accession 0001493152-26-018144 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-12-31 · accession 0001493152-26-018144 (ShortTermBorrowings)
10-K · period ending 2022-12-31 · accession 0001493152-24-014881 (CashAndCashEquivalentsAtCarryingValue)
10-K · period ending 2023-12-31 · accession 0001641172-25-004572 (CashAndCashEquivalentsAtCarryingValue)
10-K · period ending 2024-12-31 · accession 0001493152-26-018144 (CashAndCashEquivalentsAtCarryingValue)