Phil Libin, Evernote CEO, discusses the current state of the app in this video from the SXSW ‘09 conference (courtesy of Arik Hesseldahl). One of the interesting notes is that the company is now “net margin profitable”, meaning that they are turning a profit even when you consider all of their overhead expenses. Their primary source of revenue according to Phil is their premium subscriptions, so they are already profitable even without the new ads.

Phil Libin, Evernote from Arik Hesseldahl on Vimeo.