May 16 (Reuters) - Engagement Labs Inc EL.V -
* Engagement Labs reports Q1 2017 results
* Revenue has decreased by 40%, from $1.33 million for Q1 2016 to $805,820 for q1 2017
* Gross margin increased from 19% in q1 2016 to 36% in Q1 2017
* Qtrly loss per share $0.02
* As at March 31, 2017, company had cash and restricted cash of $3.505 million, compared to $4.537 million as at december 31, 2016
* Board has approved issuance of 122,222 restricted share units to an officer of corporation Source text for Eikon: ID:nCCNb79Dp1 Further company coverage: EL.V