FY24 Outlook, page-7

Inventories and finished goods have increased from $5.8m at 30 June 2022 to over $9m 31 December 2022 and then further to $18.4m by 30 June 2023.
It looks to me like RFT is busy as hell(buying inventory and building stuff). Most of what RFT does will be on firm orders in my opinion. They wouldn't just be building stuff without orders. That should give you some expectation in terms of revenue for 2024. In my view at least the December half should be very strong. RFT doesn't communicate much. So the numbers are all we have to go on. You have to form your own opinion on RFT managing their inventory properly or if they have just gone and bought too much "stuff" and what this means.