Iec Electronics (IEC) 8-K IEC Announces Strong First Quarter Results For Fiscal 2008

Exhibit 99.2

IEC ELECTRONICS CORP - CONSOLIDATED

BALANCE SHEET

DEC 28, 2007 AND SEP 30, 2007

(In Thousands)

	DEC 28, 2007			SEP 30, 2007
ASSETS
CURRENT ASSETS
Cash		0			0
Accounts Receivable		7,264			6,185
Inventories		3,770			3,326
Deferred Income Taxes		760			640
Other Current Assets		42			75
Total Current Assets		11,836			10,226
Net Fixed Assets		1,598			1,603
Other Non-Current Assets		13			16
TOTAL ASSETS		13,447			11,845
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Borrowings		2,680			1,325
Accounts Payable		4,833			4,937
Accrued Payroll and Related Taxes		467			628
Other Accrued Expenses		440			366
Total Current Liabilities		8,420			7,256
Long Term Debt		348			426
TOTAL LIABILITIES		8,768			7,682
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,703,243 shares
Common stock, par value $.01 per share		87			87
Treasury Shares at Cost (412,873 shares)		(223	)		(223	)
Additional Paid-in Capital		38,889			38,794
Retained Earnings		(34,074	)		(34,495	)
TOTAL SHAREHOLDER’S EQUITY		4,679			4,163
		13,447			11,845

IEC ELECTRONICS CORP - CONSOLIDATED

STATEMENT OF INCOME

FOR QUARTER END & YTD DEC 28, 2007 AND DEC 29, 2006

(In Thousands)

	ACTUAL			PRIOR			ACTUAL			PRIOR
	QUARTER			QUARTER			YTD			YTD
	DEC 28, 2007			DEC 29, 2006			DEC 28, 2007			DEC 29, 2006
Sales		11,160			9,246			11,160			9,246
Cost of Sales		10,013			9,038			10,013			9,038
Gross Profit		1,147			208			1,147			208
Less: Operating Expenses
Selling & G&A		754			607			754			607
Restructuring		0			0			0			0
Total Operating Expenses		754			607			754			607
Operating Profit		393			(399	)		393			(399	)
Interest and Financing Expense		(93	)		(124	)		(93	)		(124	)
Profit (Loss) on Sale of Assets		0			0			0			0
Other Income (Expense)		0			(50	)		0			(50	)
Net Income before Income Taxes		300			(573	)		300			(573	)
Provision for /(benefit from)Income Tax		(120	)		3			(120	)		3
Net Income		420			(576	)		420			(576	)