Could be anything. We don't know if there is a recurring royalty or not. While some are obsessed with recurring payments, the truth is it really doesn't matter if there is a fixed one-time payment or if there are several monthly or quarterly payments.
This team is smart enough to generate agreements of all shapes and sizes, whether variable or fixed, whether per-unit or per-subscriber or just a flat fee, or whether the payment is a lump sum at the beginning or even possibly the end of the agreement.
Why doesn't it matter? Because they will include provisions to account for just about anything. Fixed (flat fee) licenses should be nearly equivalent to variable (per-unit) licenses for patent owners. If the parties agree to a set of variables and assumptions at the time of the license - such as price, volume, etc. - and agree to provisions for future adjustments up or down (if the realized sales are out of whack with projected levels).
In fact, Fixed licenses are often preferred by both parties so that inflows/outflows are more manageable and less swings will be experienced. It's generally considered better for the stock as well, as any covering analysts (as well as all investors) will have an easier time projecting revenues and cash flow. But of course, there will always be a peanut gallery filled with people screaming for recurring payments. Such is life.
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