Iec Electronics (IEC) 8-K IEC Announces Strong Results for Fiscal 2007

Exhibit 99.2

IEC ELECTRONICS CORP - CONSOLIDATED

BALANCE SHEET

SEP 30, 2007 AND SEP 30, 2006

(In Thousands)

	SEP 30, 2007			SEP 30, 2006
ASSETS
CURRENT ASSETS
Cash		0			0
Accounts Receivable		6,185			4,941
Inventories		3,326			5,114
Deferred Income Taxes		640			250
Other Current Assets		75			124
Total Current Assets		10,226			10,429
Net Fixed Assets		1,603			1,260
Other Non-Current Assets		16			29
TOTAL ASSETS		11,845			11,718
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Borrowings		1,325			3,765
Accounts Payable		4,937			3,853
Accrued Payroll and Related Taxes		628			265
Other Accrued Expenses		366			344
Total Current Liabilities		7,256			8,227
Long Term Debt		426			399
TOTAL LIABILITIES		7,682			8,626
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,670,030 shares
Common stock, par value $.01 per share		87			84
Treasury Shares at Cost (412,873 shares)		(223	)		(223	)
Additional Paid-in Capital		38,794			38,601
Retained Earnings		(34,495	)		(35,370	)
TOTAL SHAREHOLDER’S EQUITY		4,163			3,092
		11,845			11,718

IEC ELECTRONICS CORP - CONSOLIDATED

STATEMENT OF INCOME

FOR QUARTER END & YTD SEP 30, 2007 AND SEP 30, 2006

(In Thousands)

	ACTUAL			PRIOR			ACTUAL			PRIOR
	QUARTER			QUARTER			YTD			YTD
	SEP 30, 2007			SEP 30, 2006			SEP 30, 2007			SEP 30, 2006
Sales		9,605			8,054			40,914			22,620
Cost of Sales		8,781			7,006			37,037			19,867
Gross Profit		824			1,048			3,877			2,753
Less: Operating Expenses
Selling & G&A		680			601			2,892			2,155
Restructuring		0			0			0			0
Total Operating Expenses		680			601			2,892			2,155
Operating Profit		144			447			985			598
Interest and Financing Expense		(90	)		(101	)		(440	)		(378	)
Profit (Loss) on Sale of Assets		17			6			(16	)		(5	)
Other Income (Expense)		0			0			(26	)		0
Net Income before Income Taxes		71			352			503			215
Provision for Income Tax		(225	)		0			(372	)		0
Income from Discontinued Operations		0			0			0			0
Net Income		296			352			875			215