Exhibit 99.2
Supplemental financial data posted on the website of IEC Electronics
Corp. (www.iec-electronics.com/4q03pr.htm) on October 28, 2003
<table>
IEC ELECTRONICS CORP - CONSOLIDATED
BALANCE SHEETS
SEP 30, 2003 AND SEP 30, 2002
<caption>
SEP 30, 2003 SEP 30, 2002
ASSETS
<s> <c> <c>
CURRENT ASSETS
Cash $ 793,341 $ -
Accounts Receivable 4,003,641 5,479,572
Inventories 1,633,119 3,411,905
Deferred Income Taxes 250,000 -
Other Current Assets 329,234 186,452
Current Assets - Discontinued Operations 121,466 347,822
-------------------- --------------------
Total Current Assets $ 7,130,801 $ 9,425,750
-------------------- --------------------
PROPERTY, PLANT & EQUIPMENT 3,173,090 4,333,330
PREPAID DEBT ACQUISITION 202,189 -
ASSETS HELD FOR SALE - 497,001
LONG TERM ASSET DISCONTINUED OPERATION - 809,166
-------------------- --------------------
$10,506,081 $15,065,246
==================== ====================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current Portion of Long Term
Liabilities $ 1,375,704 $ 3,128,189
Accounts Payable 2,740,599 6,250,335
Accrued Payroll and Related Taxes 794,078 697,077
Other Accrued Expenses 674,948 1,496,434
Liabilities from Discontinued Operations 216,069 1,425,497
-------------------- --------------------
Total Current Liabilities 5,801,398 12,997,551
-------------------- --------------------
LONG TERM VENDOR PAYABLE 399,253 0
LONG TERM DEBT - TERM 891,662 1,268,000
-------------------- --------------------
LONG TERM DEBT - TOTAL 1,290,916 1,268,000
SHAREHOLDER'S EQUITY
Common stock, par value $.01 per share
Authorized - 50,000,000 shares
Outstanding - 8,021,960 shares 80,220 76,921
Treasury Stock (11,460) (11,460)
Additional Paid-in Capital 38,478,607 38,418,041
Retained Earnings (35,042,169) (37,639,295)
Cumulative Translation Adj (91,430) (44,511)
-------------------- --------------------
Total Shareholders' Equity 3,413,767 799,696
-------------------- --------------------
10,506,081 15,065,246
==================== ====================
</table>
Page 1 of 2
<table>
IEC ELECTRONICS CORP - CONSOLIDATED
STATEMENT OF INCOME AND RETAINED EARNINGS
QUARTER TO DATE FOR SEP 30, 2003 AND YEAR TO DATE FOR SEP 30, 2003
<caption>
ACTUAL PRIOR ACTUAL PRIOR
QUARTER QUARTER YTD YTD
SEP 30, 2003 SEP 30, 2002 SEP 30, 2003 SEP 30, 2002
<s> <c> <c> <c> <c>
Net Sales 9,101,019 8,640,397 48,200,501 39,365,472
Cost of Sales 8,214,373 6,869,872 43,271,087 37,068,428
------------------ ------------------ ------------------ ------------------
Gross Income 886,646 1,770,525 4,929,414 2,297,044
Less: Operating Expenses
Selling and Administrative 477,776 589,443 2,918,843 4,209,552
Restructuring - (234,429) (63,300) 213,809
Asset Impairment Writedown - - - 900,000
------------------ ------------------ ------------------ ------------------
Total Operating Expenses 477,776 355,014 2,855,542 5,323,362
------------------ ------------------ ------------------ ------------------
Net Income before Other Income 408,870 1,415,510 2,073,871 (3,026,318)
Other Income
Interest and Financing Expense (105,467) (254,323) (641,610) (932,013)
Life Insurance Proceeds - - - 0
Misc. Income 12,000 233,191 720,835 187,702
------------------ ------------------ ------------------ ------------------
(Loss) Income from Continuing
Operations Before Taxes 315,403 1,394,378 2,153,096 (3,770,629)
Provision for Income Tax (260,000) - (260,000) -
------------------ ------------------ ------------------ ------------------
(Loss) Income from Continuing
Operations 575,403 1,394,378 2,413,096 (3,770,629)
------------------ ------------------ ------------------ ------------------
Income from Discontinued
Operations - 490,074 184,030 (7,208,000)
------------------ ------------------ ------------------ ------------------
Net Income 575,403 1,884,452 2,597,126 (10,978,735)
================== ================== ================== ==================
</table>
Page 2 of 2