Iec Electronics (IEC) 8-K Results of Operations and Financial Condition

Exhibit 99.2

IEC ELECTRONICS CORP - CONSOLIDATED

BALANCE SHEET

MAR 28, 2008 AND SEP 30, 2007

(In Thousands)

	MAR 28, 2008			SEP 30, 2007
ASSETS
CURRENT ASSETS
Cash		0			0
Accounts Receivable		8,076			6,185
Inventories		5,073			3,326
Other Current Assets		74			75
Total Current Assets		13,323			9,586
NET FIXED ASSETS		1,675			1,603
LONG TERM ASSETS
Deferred Income Taxes		1,130			640
Other Non-Current Assets		0			16
TOTAL ASSETS		16,028			11,845
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Borrowings		3,474			1,325
Accounts Payable		5,927			4,937
Accrued Payroll and Related Taxes		501			628
Other Accrued Expenses		441			366
Total Current Liabilities		10,343			7,256
Long Term Debt		273			426
TOTAL LIABILITIES		10,616			7,682
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,736,493 shares
Common stock, par value $.01 per share		87			87
Treasury Shares at Cost (412,873 shares)		(223	)		(223	)
Additional Paid-in Capital		38,949			38,794
Retained Earnings		(33,401	)		(34,495	)
TOTAL SHAREHOLDER’S EQUITY		5,412			4,163
TOTAL LIABILITIES & EQUITY		16,028			11,845

IEC ELECTRONICS CORP - CONSOLIDATED

STATEMENT OF INCOME

FOR QUARTER END & YTD MAR 28, 2008 AND MAR 30, 2007

(In Thousands)

	ACTUAL			PRIOR			ACTUAL			PRIOR
	QUARTER			QUARTER			YTD			YTD
	MAR 28, 2008			MAR 30, 2007			MAR 28, 2008			MAR 30, 2007
Sales		11,940			10,899			23,100			20,145
Cost of Sales		10,557			9,370			20,571			18,408
Gross Profit		1,383			1,529			2,529			1,737
Less: Operating Expenses
Selling & G&A		998			783			1,752			1,390
Restructuring		0			0			0			0
Total Operating Expenses		998			783			1,752			1,390
Operating Profit		385			746			777			347
Interest and Financing Expense		(84	)		(134	)		(176	)		(259	)
Profit (Loss) on Sale of Assets		0			(33	)		0			(33	)
Other Income (Expense)		2			24			2			(25	)
Net Income before Income Taxes		303			603			603			30
Provision for /(benefit from)Income Tax		(370	)		0			(490	)		3
Net Income		673			603			1093			27