Gear4music Holdings PLC (AIM:G4M) shares picked up as the instrument retailer said it grew revenues in its latest quarter and cut losses in the first half.
Second quarter revenue rose by 1% helping to reduce the drop in six months revenues to end September 2024 to 1% at £61.7 million.
October trading had also been stronger, said the AIM-listed group.
Over the half year, UK revenues rose by 4% to £38 million, with Europe and elsewhere down 9% at £23.7 million.
Second-hand sales through its new online platform saw "considerable traction" while early challenges from a new AI-based marketing system have been resolved, according to the statement.
G4M now expects interim underlying profit (EBITDA) of £2.9 million against £2.4 million and pre-tax losses to drop by £700,000 to £1.2 million.
Andrew Wass, executive chair, added: “Our second-hand sales platform gained significant traction during FY25 H1, and we anticipate continued growth in this area as we build upon our unique offering.
"As we enter our peak trading season, which has historically been a key driver of our profits and revenues, the board is confident that our full-year outlook remains in line with consensus market expectations."
Shares rose 3% to 177p.