Is audio transmitted while it is being recorded or afterwards? Is it played before everything is received or is everything buffered? In the later case, I find it more akin an audio message on Signal or similar, than as a walkie-talkie, which is much more "dynamic".
It's not streamed. It gets recorded, compressed, (voice effects if you want), encrypted on device, then piped through, reverse process, auto played on reciever end.
Also, once it's decrypted and played back, the message gets destroyed.