• TKOs average gross margin for 2023 was 81.13%, a 19.33% decline from 2022.
• TKOs average gross margin for 2022 was 67.99%, a 36.2% increase from 2021.
• TKOs average gross margin for 2021 was 49.92%, a 18.89% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.