Exhibit 99.2
IEC ELECTRONICS CORP
CONSOLIDATED BALANCE SHEET
MAR 30, 2007 AND SEP 30, 2006
Mar 30, 2007 SEP 30, 2006
ASSETS
CURRENT ASSETS
Cash 0 0
Accounts Receivable 5,244,725 4.940.755
Inventories 3,674,338 5,114.077
Deferred Income Taxes 250,000 250,000
Other Current Assets 71,692 124,271
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Total Current Assets 9,240,755 10,429,103
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PROPERTY, PLANT & EQUIPMENT 1,501,162 1,259,729
PREPAID DEBT ACQUISITION 22,450 28,889
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10,764,367 11,717,721
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LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current Portion of Long Term Liabilities 2,338,053 3,764,993
Accounts Payable 3,827,628 3,852,585
Accrued Payroll and Related Taxes 409,317 265,450
Other Accrued Expenses 411,086 344,125
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Total Current Liabilities 6,986,084 8,227,153
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LONG TERM VENDOR PAYABLE 8,666 13,865
LONG TERM DEBT - TERM 572,500 385,000
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LONG TERM DEBT - TOTAL 581,166 398,865
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,449,986 shares
Common stock, par value $.01 per share 84,500 84,031
Treasury Stock (223,253) (223,253)
Additional Paid-in Capital 38,679,307 38,601,010
Retained Earnings (35,343,437) (35,370,085)
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Total Shareholders' Equity 3,197,117 3,091,703
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10,764,367 11,717,721
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IEC ELECTRONICS CORP
CONSOLIDATED STATEMENT OF INCOME
FOR QUARTER END & YTD MAR 30, 2007 AND MAR 31, 2006
ACTUAL PRIOR ACTUAL PRIOR
QUARTER QUARTER YTD YTD
MAR 30, 2007 MAR 31, 2006 MAR 30, 2007 MAR 31, 2006
Sales 10,898,834 5,579,816 20,144,622 9,186,866
Cost of Sales 9,369,616 5,148,708 18,407,144 8,237,213
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Gross Profit 1,529,218 431,108 1,737,478 949,653
Less: Operating Expenses
Selling & G&A 783,644 515,585 1,390,828 998,023
Restructuring 0 0 0 0
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Total Operating Expenses 783,644 515,585 1,390,828 998,023
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Operating Profit 745,574 (84,477) 346,650 (48,370)
Interest and Financing Expense (134,229) (86,822) (258,579) (170,874)
Profit (Loss) on Sale of Assets (33,440) 2,910 (33,440) 2,910
Other Income (Expense) 25,000 0 (24,983)
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Net Income before Income Taxes 602,905 (168,389) 29,648 (216,334)
Provision for Income Tax 0 0 (3,000) 0
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Income from Discontinued Operations 0 0 0 0
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Net Income 602,905 (168,389) 26,648 (216,334)
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