Exhibit 99.2
IEC ELECTRONICS CORP - CONSOLIDATED
BALANCE SHEET
DEC 29, 2006 AND SEP 30, 2006
Dec 29, 2006 SEP 30, 2006
ASSETS
CURRENT ASSETS
Cash 0 0
Accounts Receivable 5,528,355 4.940.755
Inventories 4,775,311 5,114.077
Deferred Income Taxes 250,000 250,000
Other Current Assets 31,863 124,271
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Total Current Assets 10,585,529 10,429,103
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PROPERTY, PLANT & EQUIPMENT 1,634,441 1,259,729
PREPAID DEBT ACQUISITION 25,670 28,889
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12,245,640 11,717,721
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LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current Portion of Long Term Liabilities 4,035,943 3,764,993
Accounts Payable 4,334,602 3,852,585
Accrued Payroll and Related Taxes 265,035 265,450
Other Accrued Expenses 403,848 344,125
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Total Current Liabilities 9,039,428 8,227,153
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LONG TERM VENDOR PAYABLE 11,266 13,865
LONG TERM DEBT - TERM 647,500 385,000
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LONG TERM DEBT - TOTAL 658,766 398,865
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,429,793 shares
Common stock, par value $.01 per share 84,298 84,031
Treasury Stock (223,253) (223,253)
Additional Paid-in Capital 38,632,744 38,601,010
Retained Earnings (35,946,343) (35,370,085)
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Total Shareholders' Equity 2,547,446 3,091,703
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12,245,640 11,717,721
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IEC ELECTRONICS CORP - CONSOLIDATED
STATEMENT OF INCOME
FOR QUARTER END & YTD DEC 29, 2006 AND DEC 30, 2005
ACTUAL PRIOR ACTUAL PRIOR
QUARTER QUARTER YTD YTD
DEC 29, 2006 DEC 30, 2005 DEC 29, 2006 DEC 30, 2005
Sales 9,245,788 3,607,050 9,245,788 3,607,050
Cost of Sales 9,037,528 3,088,505 9,037,528 3,088,505
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Gross Profit 208,260 518,545 208,260 518,545
Less: Operating Expenses
Selling & G&A 607,184 482,440 607,184 482,440
Restructuring 0 0 0 0
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Total Operating Expenses 607,184 482,440 607,184 482,440
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Operating Profit (398,924) 36,105 (398,924) 36,105
Interest and Financing Expense (124,350) (84,051) (124,350) (84,051)
Profit (Loss) on Sale of Assets 0 0 0 0
Other Income (Expense) (49,984) 0 (49,984) 0
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Net Income before Income Taxes (573,258) (47,946) (573,258) (47,946)
Provision for Income Tax 3,000 0 3,000 0
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Income from Discontinued Operations 0 0 0 0
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Net Income (576,258) (47,946) (576,258) (47,946)
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