The space company Virgin Galactic presented its figures for the second quarter of the fiscal year 2024 after the U.S. stock market closed on Wednesday, showing mixed results.

Virgin Galactic reported a loss of $4.36 per share in the second quarter. This was better than the experts' estimates, who had expected a loss of $4.973 per share. Compared to the same quarter last year, where a loss of $9.160 per share was reported, the company achieved a significant improvement.

The company's revenue increased year-over-year from $1.9 million to $4.2 million, surpassing the experts' estimates of $3.4 million.

Despite the continued loss, Virgin Galactic's stock responded positively in after-hours trading on the NYSE, rising temporarily by 1.90 percent to $5.37.

The positive revenue developments and the reduction of losses indicate that Virgin Galactic is making progress. However, the company still faces the challenge of achieving sustainable profitability and establishing its position in the commercial space industry.