Exhibit 99.2
Supplemental financial data posted on the website of IEC Electronics
Corp. (www.iec-electronics.com/1stquarter2004pr.htm) on January 29, 2004
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IEC ELECTRONICS CORP
CONSOLIDATED BALANCE SHEET
DEC 26, 2003 AND SEP 30, 2002
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DEC 26, 2003 SEP 30, 2003
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<s> <c> <c>
ASSETS
CURRENT ASSETS
Cash 495,898 793,341
Accounts Receivable 3,139,948 4,003,641
Inventories 1,875,248 1,633,119
Deferred Income Taxes 250,000 250,000
Other Current Assets 118,139 329,232
Current Assets - Discontinued Operations 54,917 121,466
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Total Current Assets 5,934,150 7,130,803
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PROPERTY, PLANT & EQUIPMENT 2,911,526 3,173,090
PREPAID DEBT ACQUISITION 180,280 202,188
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9,025,956 10,506,081
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LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current Portion of Long Term Liabilites 1,222,097 1,277,387
Accounts Payable 1,597,535 2,740,599
Accrued Payroll and Related Taxes 624,119 794,078
Other Accrued Expenses 696,444 674,948
Liabilities from Discontinued Operations 208,892 216,068
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Total Current Liabilities 4,349,088 5,703,080
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LONG TERM VENDOR PAYABLE 370,916 455,903
LONG TERM DEBT - TERM 758,336 933,329
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LONG TERM DEBT - TOTAL 1,129,252 1,389,232
SHAREHOLDER'S EQUITY
Common stock, par value $.01 per share
Authorized - 50,000,000 shares
Outstanding - 8,021,960 shares 69,015 68,760
Additional Paid-in Capital 38,480,137 38,478,608
Retained Earnings (34,910,105) (35,042,169)
Cumulative Translation Adj (91,430) (91,430)
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Total Shareholders' Equity 3,547,617 3,413,769
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9,025,956 10,506,081
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IEC ELECTRONICS CORP
CONSOLIDATED STATEMENT OF INCOME
FOR QUARTERS DEC 26, 2003 AND DEC 27, 2002
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QUARTER ENDED QUARTER ENDED
DEC 26, 2003 DEC 27, 2002
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Net Sales 6,518,657 9,600,550
Cost of Sales 5,948,349 8,611,951
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Gross Profit 570,308 988,599
Less: Operating Expenses
Selling & Administrative Expenses 579,133 752,674
Restructuring Benefit 0 (63,317)
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Total Operating Expenses 579,133 689,357
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Operating (loss) profit (8,825) 299,242
Interest and Financing Expense (90,339) (197,498)
Forgiveness of Accounts Payable 0 244,761
Profit(loss) on Sales of Assets 231,228 95,954
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Net Income before Income Taxes 132,064 442,459
Provision for Income Tax 0 0
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Net Income 132,064 442,459
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