Iec Electronics (IEC) 8-K Iec Reports Very Strong Results for the Fourth Quarter Fiscal 2006

Exhibit 99.2
IEC ELECTRONICS CORP - CONSOLIDATED
BALANCE SHEET
SEP 30, 2006 AND SEP 30, 2005
	Sep 30, 2006			SEP 30, 2005
ASSETS
CURRENT ASSETS
Cash		0			460,586
Accounts Receivable		4,940,755			2,343,994
Inventories		5,114,077			629,808
Deferred Income Taxes		250,000			250,000
Other Current Assets		124,271			279,732
Total Current Assets		10,429,103			3,964,120
PROPERTY, PLANT & EQUIPMENT		1,259,729			1,506,779
PREPAID DEBT ACQUISITION		28,889			66,893
		11,717,721			5,537,792
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current Portion of Long Term Liabilities		3,764,993			345,149
Accounts Payable		3,852,585			917,608
Accrued Payroll and Related Taxes		265,450			263,744
Other Accrued Expenses		344,125			399,336
Total Current Liabilities		8,227,153			1,925,837
LONG TERM VENDOR PAYABLE		13,865			57,118
LONG TERM DEBT - TERM		385,000			535,000
LONG TERM DEBT - TOTAL		398,865			592,118
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,397,209 shares
Common stock, par value $.01 per share		84,031			82,944
Treasury Stock		(223,253	)		(11,460	)
Additional Paid-in Capital		38,601,010			38,533,112
Retained Earnings		(35,370,085	)		(35,584,759	)
Total Shareholders' Equity		3,091,703			3,019,837
		11,717,721			5,537,792

IEC ELECTRONICS CORP - CONSOLIDATED

STATEMENT OF INCOME

FOR QUARTER END & YTD SEP 30, 2006 AND SEP 30, 2005

	ACTUAL			PRIOR			ACTUAL			PRIOR
	QUARTER			QUARTER			YTD			YTD
	SEP 30, 2006			SEP 30, 2005			SEP 30, 2006			SEP 30, 2005
Sales		8,054,280			4,120,068			22,619,898			19,065,934
Cost of Sales		7,006,017			3,606,267			19,866,470			16,435,091
Gross Profit		1,048,263			513,801			2,753,428			2,630,843
Less: Operating Expenses
Selling & G&A		601,027			455,947			2,156,247			2,164,721
Restructuring		0			0			0			119,654
Total Operating Expenses		601,027			455,947			2,156,247			2,284,375
Operating Profit		447,236			57,854			597,181			346,468
Interest and Financing Expense		(101,264	)		(84,457	)		(378,193	)		(362,911	)
Profit (Loss) on Sale of Assets		5,900			75,000			(4,567	)		270,165
Other Income (Expense)		32			3,109			253			31,664
Net Income before Income Taxes		351,904			51,506			214,674			285,386
Provision for Income Tax		0			0			0			0
Income from Discontinued Operations		0			0			0			0
Net Income		351,904			51,506			214,674			285,386