Yes. Our engineers regularly work with physically damaged devices, and we have a number of tools that allow for safe repairs. Secure Data Recovery Services is one of the only providers with a certified Class 10 ISO 4 Cleanroom, and our proprietary file utilities exceed the capabilities of commercially available recovery programs.
If your iPhone has water damage, you should get professional assistance as quickly as possible. Water can corrode your phone's internal components, causing permanent data loss in some circumstances.