• TKOs average gross margin for 2023 was 83.56%, a 15.98% decline from 2022.
• TKOs average gross margin for 2022 was 72.05%, a 37.61% increase from 2021.
• TKOs average gross margin for 2021 was 52.36%, a 16.77% 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.