RE:RE:$60 million Run Rate; $63 million Market CapFirst of all a run rate is based on the current revenues, so based on $30 million total for two quarters means the run rate is $60 million. There's no argument there if you understand what a run rate is. Second, whether or not the company exceeds or falls below that run rate is another story.
However, let's take your year end of $45 million. At $45 million in revenues the company should be $1.27 at 10x valuation. Fully diluted the stock price whould be $1.06 at 10x.
The end result is, the stock is clearly way undervalued.