Exhibit 99.2
IEC ELECTRONICS CORP - CONSOLIDATED
BALANCE SHEET
JUN 29, 2007 AND SEP 30, 2006
JUN 29, 2007 SEP 30, 2006
ASSETS
CURRENT ASSETS
Cash 0 0
Accounts Receivable 6,537,511 4.940.755
Inventories 3,373,178 5,114.077
Deferred Income Taxes 400,000 250,000
Other Current Assets 56,197 124,271
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Total Current Assets 10,366,886 10,429,103
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PROPERTY, PLANT & EQUIPMENT 1,549,720 1,259,729
PREPAID DEBT ACQUISITION 19,232 28,889
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11,935,838 11,717,721
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LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current Portion of Long Term Liabilities 1,363,560 3,764,993
Accounts Payable 5,137,339 3,852,585
Accrued Payroll and Related Taxes 692,867 265,450
Other Accrued Expenses 441,654 344,125
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Total Current Liabilities 7,635,420 8,227,153
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LONG TERM VENDOR PAYABLE 6,066 13,865
LONG TERM DEBT - TERM 497,500 385,000
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LONG TERM DEBT - TOTAL 503,566 398,865
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,604,922 shares
Common stock, par value $.01 per share 86,049 84,031
Treasury Stock (223,253) (223,253)
Additional Paid-in Capital 38,724,917 38,601,010
Retained Earnings (34,790,861) (35,370,085)
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Total Shareholders' Equity 3,796,852 3,091,703
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11,935,838 11,717,721
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IEC ELECTRONICS CORP - CONSOLIDATED
STATEMENT OF INCOME
FOR QUARTER END & YTD JUN 29, 2007 AND JUN 30, 2006
ACTUAL PRIOR ACTUAL PRIOR
QUARTER QUARTER YTD YTD
JUN 29, 2007 JUN 30, 2006 JUN 29, 2007 JUN 30, 2006
Sales 11,164,588 5,378,752 31,309,210 14,565,618
Cost of Sales 9,849,263 4,623,240 28,256,406 12,860,441
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Gross Profit 1,315,325 755,512 3,052,804 1,705,177
Less: Operating Expenses
Selling & G&A 821,151 556,975 2,211,981 1,555,220
Restructuring 0 0 0 0
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Total Operating Expenses 821,151 556,975 2,211,981 1,555,220
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Operating Profit 494,174 198,537 840,823 149,957
Interest and Financing Expense (91,598) (106,056) (350,176) (276,930)
Profit (Loss) on Sale of Assets 0 (13.377) (33,440) (10,467)
Other Income (Expense) 0 0 (24,983) 221
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Net Income before Income Taxes 402,576 79,104 432,224 (137,219)
Provision for Income Tax (150,000) 0 (147,000) 0
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Income from Discontinued Operations 0 0 0 0
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Net Income 552,576 79,104 579,224 (137,219)
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