Gear4music’s pre-close FY2020 H1 trading statement reported brisk 16% sales growth. However, investors should focus on a 250 basis points rise in gross margins. Moreover, G4M expects full year financials to meet company expectations, and EBITDA margin recovery should be a key driver. With its refocused growth strategy firmly in place, warehousing and logistics in order and an attractive current valuation, prospects for the share price look more positive.