As filed with the Securities and Exchange Commission on January 16, 2026 Registration No. 333-292488 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ AMC Robotics Corporation (Exact name of registrant as specified in its charter) _______________________ (State or other jurisdiction of incorporation or organization) Delaware 7372 41-3041844 (Primary Standard Industrial Classifica ...

Core Insights - GoPro is a specialized player in the consumer action-camera market, founded in 2002 and went public in 2014, but has seen its revenue growth stagnate post-IPO [1] - Sales growth has slowed due to market saturation, competition from Chinese manufacturers, and the rise of mobile devices with high-quality cameras; despite a 29% increase in share price over the last year, the stock is down 92% from its all-time high [2] Revenue Generation - GoPro's primary revenue comes from camera sales, but the company is also focusing on building recurring revenue through subscription services; however, sales momentum in both hardware and subscription categories has been disappointing [4] - In Q3 2025, GoPro reported sales of $163 million, a 37% decline year over year, while subscription revenue fell 3% to $27 million; the subscription business, once seen as a growth driver, is now contracting, and hardware demand appears weak, resulting in a net loss of $21 million [5] Market Challenges - GoPro's core business is in a delicate state, with some attention from meme stock traders, but it has only managed to achieve $12 million in operating cash flow in the last quarter, marking its second consecutive quarter of operating-cash-flow profitability [6] - The company faces challenges in product differentiation as more action cameras enter the market and smartphone video capabilities improve, leading to eroding market share unless breakthrough products are delivered [7] - There have been no significant growth catalysts from the launch of panoramic cameras for 3D, virtual reality, and augmented reality applications, making a return to sustainable sales growth in hardware appear risky [8]

Company Overview - GoPro's market capitalization is currently $265 million, categorizing it as a small-cap stock, with a potential need for a 200-fold increase in stock price to reach $1 million for investors [2][13] - The company specializes in action cameras, apps, and video editing software, providing a competitive niche against smartphone cameras, which lack certain features [5][6] Competitive Landscape - GoPro initially had a significant competitive advantage upon going public in 2014, but competition from brands like Sony and Garmin has eroded this edge over time [6] - GoPro's market share is estimated at 65% for 2024, but competitors are making gains, raising concerns for investors [9] Recent Developments - The introduction of an AI initiative allowing users to monetize their content has generated significant interest, with over 125,000 hours of footage volunteered by customers [7][8] - This AI strategy has led to a doubling of the stock price over the last two months, indicating a potential catalyst for growth [8] Financial Performance - In the first half of 2025, GoPro reported revenue of $287 million, a decline of 16%, and a loss of $63 million, although this is an improvement from a $387 million loss in 2024 [10] - The company has secured a $50 million loan to address liquidity concerns, but ongoing losses and the need for R&D funding remain critical issues [11] Investment Outlook - Given the current financial condition, GoPro stock is unlikely to turn small investors into millionaires without significant growth [13] - While the AI initiative could potentially revive interest in GoPro products, the competitive landscape and financial struggles may hinder success [14]

Core Viewpoint - GoPro's stock experienced a significant surge of nearly 36% without any proprietary news, attributed to the latest meme stock rally, despite the company's concerning recent performance [1][2][5]. Group 1: Stock Performance - GoPro shares closed almost 36% higher, significantly outperforming the S&P 500, which saw a 0.4% decline [2]. - The stock's low price, just over $1.20 before the rally, contributes to its volatility, allowing minor online buzz to cause drastic price movements [6]. Group 2: Company Performance - GoPro reported an 18% year-over-year decline in revenue in its second-quarter earnings, primarily due to a 23% drop in its main product category, action cameras [7]. - The company continues to face bottom-line losses, although the latest deficit was narrower compared to the previous year [7]. Group 3: Market Dynamics - GoPro is categorized as a meme stock, which can experience rapid price changes based on internet chatter, leading to unpredictable market behavior [3]. - The absence of any recent news or regulatory filings from GoPro suggests that the stock's movement is largely driven by external market sentiment rather than company fundamentals [5].