Company: PFSA
Filing Date: 2025-05-09
Form Type: S-4/A
Source: 0001213900-25-041151
Chunk: 296

Company: Profusa, Inc.
Filing Date: 2025-05-09
Form: S-4/A
Chunk 296
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 decrease in COGS as a % of revenue, due to an envisioned second optimization in production processes. 145

Updated Projections In the fourth quarter of 2024, Profusa management determined that, due to delays in consummating the Business Combination and raising additional capital that would be needed to support growth initiatives, the Initial Projections no longer reflected Profusa management’s view on the future performance of Profusa for the initial years of the forecasted period. In connection with this determination, Profusa management presented NorthView with the Updated Projections for the years 2025 to 2034, which Profusa believed to reflect a sufficient amount of time for Profusa’s and NorthView’s revised expectations for when the Business Combination would be consummated.

| $ in millions               |     |  2025E |   |     | 2026E |   |     | 2027E |     |  2028E |     |  2029E |     |  2030E |     |    2031E |   |     |    2032E |   |     |    2033E |     |    2034E |
| Revenue                     |     |   0.00 |   |     | 11.86 |   |     | 99.70 |     | 271.18 |     | 485.19 |     | 785.00 |     | 1,063.72 |   |     | 1,258.48 |   |     | 1,373.98 |     | 1,442.68 |
| Cost of Goods Sold          |     |   0.00 |   |     |  5.17 |   |     | 36.31 |     |  94.59 |     | 173.20 |     | 285.48 |     |   265.28 |   |     |   313.72 |   |     |   342.45 |     |   359.57 |
| R&D Expense                 |     |   5.39 |   |     |  8.69 |   |     | 11.89 |     |  10.45 |     |  12.36 |     |  15.83 |     |    23.40 |   |     |    27.69 |   |     |    30.23